Kalshi Loses Appeal Over State Oversight of Sports Contracts
A federal appeals court sided with Ohio and Tennessee in a dispute over state regulation of Kalshi’s sports-event contracts.
Kalshi suffered a legal setback after the US Court of Appeals for the Sixth Circuit ruled against the prediction market in a dispute over sports-event contracts.
The decision favored Ohio and Tennessee, backing the states’ authority to regulate those contracts under their own laws.
The ruling raises the possibility of the dispute reaching the US Supreme Court, though a review is not confirmed.
Source: Cointelegraph
