PolicyReadWriteabout 5 hours ago
Kalshi Loses Second Appeal on State Gambling
1 min read
The Sixth US Circuit Court of Appeals ruled Friday 25 September that Ohio and Tennessee can regulate Kalshi's event contracts under state gambling laws, rejecting its claim that the products are federally regulated swaps. The unanimous three-judge panel in Cincinnati handed the prediction-market operator its second appellate loss in two months, deepening a split over who governs event contracts.
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