Deep Tide TechFlow news: On April 17, according to Cointelegraph, the legal dispute between prediction market platform Kalshi and Nevada over which regulator’s jurisdiction applies to event contract regulation may ultimately be appealed to the U.S. Supreme Court. Kalshi argued before the U.S. Ninth Circuit Court of Appeals that its event contracts are classified as “swaps” under the jurisdiction of the U.S. Commodity Futures Trading Commission (CFTC), rather than falling within state-level gambling regulation. Previously, Nevada restricted Kalshi from offering the relevant contracts on the grounds that it needed a gambling license. Coinbase Chief Legal Officer Paul Grewal said that the Supreme Court may decide whether sports contracts on designated contract markets fall under the CFTC’s exclusive jurisdiction.