{"id":88032,"date":"2026-08-31T20:00:37","date_gmt":"2026-08-31T11:00:37","guid":{"rendered":"https:\/\/nextmoney.jp\/?p=88032"},"modified":"2026-08-31T15:03:43","modified_gmt":"2026-08-31T06:03:43","slug":"%e7%b1%b3%e6%8e%a7%e8%a8%b4%e8%a3%81%e5%88%a4%e6%89%80%e3%81%8ckalshi%e8%a8%b4%e8%a8%9f%e3%81%a7%e4%ba%88%e6%b8%ac%e5%b8%82%e5%a0%b4%e3%81%ae%e3%82%b9%e3%83%9d%e3%83%bc%e3%83%84%e5%a5%91%e7%b4%84","status":"publish","type":"post","link":"https:\/\/nextmoney.jp\/?p=88032","title":{"rendered":"\u7c73\u63a7\u8a34\u88c1\u5224\u6240\u304cKalshi\u8a34\u8a1f\u3067\u4e88\u6e2c\u5e02\u5834\u306e\u30b9\u30dd\u30fc\u30c4\u5951\u7d04\u3092\u8ced\u535a\u3068\u8a8d\u5b9a\u3001CFTC\u306e\u898f\u5236\u30eb\u30fc\u30eb\u306f\u5371\u6a5f\u306b"},"content":{"rendered":"<h2>\u9023\u90a6\u63a7\u8a34\u88c1\u304cKalshi\u306e\u4eee\u51e6\u5206\u8acb\u6c42\u3092\u68c4\u5374<\/h2>\n<p><a href=\"https:\/\/cdn.ca9.uscourts.gov\/datastore\/opinions\/2026\/08\/28\/25-7516.pdf?utm_source=chatgpt.com\" rel=\"noopener\" target=\"_blank\">\u7c73\u56fd\u9023\u90a6\u7b2c9\u5de1\u56de\u533a\u63a7\u8a34\u88c1\u5224\u6240\u306f<\/a>\u3001\u4e88\u6e2c\u5e02\u5834\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u3092\u904b\u55b6\u3059\u308bKalshi\uff08\u30ab\u30eb\u30b7\uff09\u793e\u3089\u304c\u30cd\u30d0\u30c0\u5dde\u30b2\u30fc\u30df\u30f3\u30b0\u7ba1\u7406\u59d4\u54e1\u4f1a\u3092\u76f8\u624b\u306b\u8d77\u3053\u3057\u3066\u3044\u305f\u8a34\u8a1f\u306b\u304a\u3044\u3066\u3001\u540c\u793e\u306e<a href=\"https:\/\/www.reuters.com\/world\/kalshi-cannot-block-nevada-oversight-sports-prediction-markets-us-appeals-court-2026-08-28\/\" rel=\"noopener\" target=\"_blank\">\u4eee\u51e6\u5206\u8acb\u6c42\u3092\u9000\u3051\u308b\u5224\u6c7a<\/a>\u3092\u4e0b\u3057\u305f\u3002<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Cautionary tale.<\/p>\n<p>No state was going after election contracts until Kalshi pushed the envelope on sports. <a href=\"https:\/\/t.co\/AMx85lq3OL\">https:\/\/t.co\/AMx85lq3OL<\/a><\/p>\n<p>&mdash; Daniel Wallach (@WALLACHLEGAL) <a href=\"https:\/\/x.com\/WALLACHLEGAL\/status\/2093390023580152277?ref_src=twsrc%5Etfw\">August 28, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<div class=\"c_box white_box\"><span style=\"font-size: 10pt;\"><span style=\"font-size: 10pt;\">\u65e5\u672c\u8a9e\u8a33\uff1a<br \/>\n\u6559\u8a13\u3068\u306a\u308b\u8a71\u3060\u3002\u30ab\u30eb\u30b7\u6c0f\u304c\u30b9\u30dd\u30fc\u30c4\u754c\u306b\u307e\u3067\u624b\u3092\u5e83\u3052\u308b\u307e\u3067\u3001\u3069\u306e\u5dde\u3082\u9078\u6319\u5951\u7d04\u3092\u5de1\u3063\u3066\u4e89\u3046\u3053\u3068\u306f\u306a\u304b\u3063\u305f\u3002<\/span><\/span><\/div>\n<p>\u88c1\u5224\u6240\u306f\u3001Kalshi\u793e\u304c\u63d0\u4f9b\u3059\u308b\u30b9\u30dd\u30fc\u30c4\u30a4\u30d9\u30f3\u30c8\u95a2\u9023\u306e\u5951\u7d04\u306f\u5b9f\u8cea\u7684\u306a\u300c\u30b9\u30dd\u30fc\u30c4\u8ced\u535a\u300d\u306b\u8a72\u5f53\u3059\u308b\u3068\u8a8d\u5b9a\u3002\u9023\u90a6\u306eCEA\uff08\u5546\u54c1\u53d6\u5f15\u6cd5\uff09\u306f\u5dde\u306e\u8ced\u535a\u898f\u5236\u3092\u512a\u5148\u30fb\u7121\u52b9\u5316\uff08\u5148\u5360\uff09\u3059\u308b\u3082\u306e\u3067\u306f\u306a\u3044\u3068\u7d50\u8ad6\u4ed8\u3051\u3001\u30cd\u30d0\u30c0\u5dde\u304c\u540c\u793e\u306b\u5dde\u306e\u8ced\u535a\u30e9\u30a4\u30bb\u30f3\u30b9\u53d6\u5f97\u3092\u7fa9\u52d9\u4ed8\u3051\u308b\u6a29\u9650\u3092\u8a8d\u3081\u305f\u3002<\/p>\n<p>\u4eca\u56de\u306e\u5224\u65ad\u306b\u3088\u308a\u3001\u30cd\u30d0\u30c0\u5dde\u3092\u306f\u3058\u3081\u3068\u3059\u308b\u5404\u5dde\u898f\u5236\u5f53\u5c40\u306f\u3001\u7121\u8a31\u53ef\u306e\u30b9\u30dd\u30fc\u30c4\u8ced\u535a\u3068\u3057\u3066\u540c\u793e\u5e02\u5834\u306e\u76e3\u8996\u3084\u5f37\u5236\u529b\u3092\u7dad\u6301\u30fb\u5f37\u5316\u3067\u304d\u308b\u3053\u3068\u3068\u306a\u308b\u3002\u306a\u304a\u3001\u5408\u8b70\u4f53\u306f\u9078\u6319\u95a2\u9023\u5951\u7d04\u306b\u95a2\u3059\u308b\u540c\u5dde\u306e\u8a34\u3048\u306b\u3064\u3044\u3066\u306f\u3001\u3055\u3089\u306a\u308b\u5be9\u7406\u306e\u305f\u3081\u5730\u65b9\u88c1\u5224\u6240\u3078\u5dee\u3057\u623b\u3057\u3066\u3044\u308b\u3002<br \/>\n<\/br><\/p>\n<h3>CFTC\u306e\u6392\u4ed6\u7684\u7ba1\u8f44\u6a29\u3068\u300c\u91cd\u8981\u554f\u984c\u6cd5\u7406\u300d\u3092\u3081\u3050\u308b\u5bfe\u7acb<\/h3>\n<p>Kalshi\u793e\u304a\u3088\u3073CFTC\uff08\u5546\u54c1\u5148\u7269\u53d6\u5f15\u59d4\u54e1\u4f1a\uff09\u306f\u3001DCM\uff08\u6307\u5b9a\u5951\u7d04\u5e02\u5834\uff09\u3067\u53d6\u5f15\u3055\u308c\u308b\u5951\u7d04\u306f\u201c\u30b9\u30ef\u30c3\u30d7\u201d\u3067\u3042\u308a\u3001\u9023\u90a6\u6cd5\u306b\u57fa\u3065\u304fCFTC\u306e\u6392\u4ed6\u7684\u7ba1\u8f44\u6a29\u304c\u5dde\u6cd5\u306b\u512a\u5148\u3059\u308b\u3068\u4e3b\u5f35\u3057\u3066\u304d\u305f\u3002\u3057\u304b\u3057\u3001\u7b2c9\u5de1\u56de\u533a\u63a7\u8a34\u88c1\u306f\u3053\u306e\u7acb\u5834\u3092\u9000\u3051\u3001\u300cCFTC\u306f\u5168\u56fd\u7684\u306a\u8ced\u535a\u898f\u5236\u6a5f\u95a2\u3067\u306f\u306a\u3044\u300d\u3068\u660e\u78ba\u306b\u6307\u6458\u3057\u305f\u3002<\/p>\n<p>\u3055\u3089\u306b\u5224\u6c7a\u6587\u3067\u306f\u3001\u884c\u653f\u6a5f\u95a2\u306e\u904e\u5270\u306a\u6a29\u9650\u62e1\u5927\u3092\u6291\u5236\u3059\u308b\u300c\u91cd\u8981\u554f\u984c\u6cd5\u7406\uff08Major Questions Doctrine\uff09\u300d\u306b\u3082\u8a00\u53ca\u3055\u308c\u305f\u3002\u3053\u308c\u306b\u3088\u308a\u3001CFTC\u304c\u73fe\u5728\u9032\u3081\u3066\u3044\u308b\u30a4\u30d9\u30f3\u30c8\u5951\u7d04\u306b\u95a2\u3059\u308b\u898f\u5247\u6539\u6b63\uff08\u63d0\u6848\u898f\u524740.11\uff09\u3084\u3001\u30b9\u30dd\u30fc\u30c4\u30fb\u9078\u6319\u5e02\u5834\u306b\u5bfe\u3059\u308b\u5e83\u7bc4\u306a\u898f\u5236\u6a29\u9650\u306e\u4e3b\u5f35\u306b\u5bfe\u3057\u3001\u6cd5\u7684\u306a\u8106\u5f31\u6027\u304c\u6d6e\u304d\u5f6b\u308a\u3068\u306a\u3063\u3066\u3044\u308b\u3002<br \/>\n<\/br><\/p>\n<h3>\u56de\u8def\u9593\u306e\u5224\u65ad\u5206\u88c2\u3068\u6700\u9ad8\u88c1\u3078\u306e\u4e0a\u8a34\u306e\u73fe\u5b9f\u5473<\/h3>\n<p>\u4eca\u56de\u306e\u7b2c9\u5de1\u56de\u533a\u63a7\u8a34\u88c1\u306e\u6c7a\u5b9a\u306f\u3001\u30cb\u30e5\u30fc\u30b8\u30e3\u30fc\u30b8\u30fc\u5dde\u3068\u306e\u985e\u4f3c\u8a34\u8a1f\u306b\u304a\u3044\u3066Kalshi\u793e\u5074\u306b\u6709\u5229\u306a\u5224\u65ad\u3092\u793a\u3057\u3066\u3044\u305f\u7b2c3\u5de1\u56de\u533a\u63a7\u8a34\u88c1\u5224\u6240\u3068\u306e\u9593\u306b\u76f4\u63a5\u7684\u306a\u5bfe\u7acb\u3092\u751f\u3058\u3055\u305b\u3066\u3044\u308b\u3002<\/p>\n<p>\u6cd5\u52d9\u5c02\u9580\u5bb6\u3089\u306f\u3001\u3053\u306e\u5de1\u56de\u533a\u3054\u3068\u306e\u5224\u65ad\u306e\u5272\u308c\u3092\u8e0f\u307e\u3048\u3001\u672c\u4ef6\u304c\u6700\u7d42\u7684\u306b\u5408\u8846\u56fd\u6700\u9ad8\u88c1\u5224\u6240\u3078\u6301\u3061\u8fbc\u307e\u308c\u308b\u53ef\u80fd\u6027\u304c\u6975\u3081\u3066\u9ad8\u3044\u3068\u5206\u6790\u3002Kalshi\u793e\u5074\u306b\u306f\u5168\u88c1\u5224\u5b98\u306b\u3088\u308b\u518d\u5be9\u7406\uff08en banc\uff09\u304b\u6700\u9ad8\u88c1\u3078\u306e\u4e0a\u8a34\u3068\u3044\u3046\u9078\u629e\u80a2\u304c\u6b8b\u3055\u308c\u3066\u304a\u308a\u3001\u4eca\u5f8c\u306e\u6cd5\u5ef7\u95d8\u4e89\u306e\u884c\u65b9\u306b\u5168\u7c73\u306e\u91d1\u878d\u30fb\u4e88\u6e2c\u5e02\u5834\u95a2\u4fc2\u8005\u304b\u3089\u5f37\u3044\u6ce8\u76ee\u304c\u96c6\u307e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>\u9023\u90a6\u63a7\u8a34\u88c1\u304cKalshi\u306e\u4eee\u51e6\u5206\u8acb\u6c42\u3092\u68c4\u5374 \u7c73\u56fd\u9023\u90a6\u7b2c9\u5de1\u56de\u533a\u63a7\u8a34\u88c1\u5224\u6240\u306f\u3001\u4e88\u6e2c\u5e02\u5834\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u3092\u904b\u55b6\u3059\u308bKalshi\uff08\u30ab\u30eb\u30b7\uff09\u793e\u3089\u304c\u30cd\u30d0\u30c0\u5dde\u30b2\u30fc\u30df\u30f3\u30b0\u7ba1\u7406\u59d4\u54e1\u4f1a\u3092\u76f8\u624b\u306b\u8d77\u3053\u3057\u3066\u3044\u305f\u8a34\u8a1f\u306b\u304a\u3044\u3066\u3001\u540c\u793e\u306e\u4eee\u51e6\u5206\u8acb\u6c42\u3092\u9000&#8230;<\/p>\n","protected":false},"author":2,"featured_media":88033,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[60],"tags":[644,9096,11269,3184,11268,609],"class_list":{"0":"post-88032","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-60","8":"tag-cftc","9":"tag-kalshi","10":"tag-11269","11":"tag-3184","12":"tag-11268","13":"tag-609"},"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- 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