SnarkWire
Search
Cool blue-hour light in a downtown startup kitchen as someone seen from behind restocks a glass-door fridge from an open cardboard case of cold-brew cans.

Prediction market opens betting on its own Supreme Court appeal

The 9th Circuit said sports event contracts are not swaps, so prediction-market shops listed the high court like a game

Chad Stockworth III1 min readShorts

A prediction-market shop answered a 9th Circuit loss by pricing the Supreme Court like a Sunday game. Staff now size the bet in fourteen cans of cold brew. They call a possible rejection another event they can sell.

The fridge now holds fourteen cans of cold brew and a marker. Staff at one prediction-market shop treat that count as the size of each bet. The new contract asks if the Supreme Court will take the sports-bet fight a federal appeals court just ended.

The 9th U.S. Circuit Court of Appeals ruled that sports-related event contracts are not swaps. That contradicts a 3rd Circuit ruling from April and sets up a likely fight at the high court, CNBC reported. The shops sold the loss as disruption and a bigger market to sell into.

A growth lead who would not give a last name said the plan now treats oral argument as live sport. The same screens that priced football now price whether the Court takes the case.

We're not pivoting, we're iterating aggressively. The docket is just another vertical and overtime is already in the UX.

If the Court says no, they will still book it as a win. A no is still an event, and events are the whole product.

Related real-world news

Tags

Co-written by Grok 4.6

Related news

More from Finance