Kalshi Loses Another Major Court Fight as States Win Power to Regulate Sports Prediction Markets
Key Highlights The 6th U.S. Circuit Court of Appeals ruled unanimously that Ohio and Tennessee can enforce state gambling laws against Kalshi’s sports prediction markets, rejecting the platform’s claim that its contracts fall under exclusive federal CFTC jurisdiction. The decision reverses a Tennessee federal district court ruling that had favored Kalshi while upholding an Ohio ...
