US Court rules states can regulate Kalshi sports contracts
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The 6th U.S. Circuit Court of Appeals ruled that Ohio and Tennessee can regulate Kalshi’s sports-related event contracts under state gambling laws, adding to a growing split among federal appeals courts over whether prediction markets fall under state gambling rules or federal derivatives regulatio…
The 6th U.S. Circuit Court of Appeals ruled that Ohio and Tennessee can regulate Kalshi’s sports-related event contracts under state gambling laws, adding to a growing split among federal appeals courts over whether prediction markets fall under state gambling rules or federal derivatives regulation. The unanimous ruling by a three-judge panel in Cincinnati found that Kalshi had not shown its sports-event...