PolicyReadWriteabout 12 hours ago
Sixth Circuit Backs States on Kalshi Contracts
1 min read
The 6th U.S. Circuit Court of Appeals ruled Friday that Ohio and Tennessee can regulate Kalshi's event contracts under state gambling laws, vacating a Tennessee injunction and upholding Ohio's denial. The unanimous panel found Kalshi failed to show federal law preempts state oversight, deepening a three-circuit split over prediction markets.
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