Shares of sports betting companies are trading higher after the US Court of Appeals for the Ninth Circuit said it disagreed with a prediction market company’s overly broad reading of federal commodity law, affirming a lower court ruling to dissolv...

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Shares of sports betting companies are trading higher after the US Court of Appeals for the Ninth Circuit said it disagreed with a prediction market company’s overly broad reading of federal commodity law, affirming a lower court ruling to dissolve an injunction against cracking down on its sports offerings.
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