PolicyCoinDeskabout 1 hour ago
Sixth Circuit Rules Against Kalshi on Sports Contracts
4 min read
The Sixth Circuit Court of Appeals ruled Friday that Kalshi's sports-related event contracts are not swaps, so they fall under state gaming regulations rather than CFTC oversight. The decision covers cases in Ohio and Tennessee and deepens a circuit split with the Third and Eighth Circuits, making Supreme Court review more likely.
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