A federal appeals court has ruled that Ohio and Tennessee may enforce their gambling laws against Kalshi's sports-related event contracts, handing prediction market platforms another setback as the industry's clash with state regulators intensifies. The unanimous 6th Circuit decision adds to a widening split among federal courts and increases pressure on the U.S. Supreme Court to eventually settle the question.
Appeals Court Says States Can Police Kalshi's Sports Contracts, Deepening Prediction Market Legal Fight
R
RDU Global Correspondent
Global Markets Desk
Washington, United States 10h ago•5 min read
A federal appeals court has ruled that Ohio and Tennessee may enforce their gambling laws against Kalshi's sports-related event contracts, handing prediction market platforms another setback as the industry's clash with state regulators intensifies. The unanimous 6th Circuit decision adds to a widening split among federal courts and increases pressure on the U.S. Supreme Court to eventually settle the question.
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Reported by RDU Global Correspondent. Formatted and verified using real-time institutional and journalistic wire feeds. Independent reporting adhering to the RDU Global Editorial Code of Conduct.
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