The 6th U.S. Circuit Court of Appeals ruled on September 25, 2026, against prediction market platform Kalshi, affirming that states can regulate sports-related prediction markets as gambling. This marked the second appeals court victory for state regulators in under a month.
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US appeals court rules against Kalshi, says states can regulate prediction markets Reuters
The decision is the second in less than a month by an appeals court that states have a role in regulating sports-related event contracts.
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The 6th U.S. Circuit Court of Appeals ruled against the prediction market Kalshi Friday, determining states can regulate prediction market platforms like gambling in the latest blow to the industry. In a unanimous ruling, the three-judge panel sided with Ohio and Tennessee, finding Kalshi did not show its sports-event contracts are "swaps" that typically fall...
The 6th Circuit ruled against prediction markets operator Kalshi saying states can regulate its so-called event contracts under their gambling laws. The court said Kalshi has not shown that its sports event contracts are 'swaps' that should be regulated exclusively by the CFTC reut.rs/4joinOj A US appeals court on Friday ruled against the prediction markets operator Kalshi, saying Ohio and Tennes
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US appeals courts have varied on regulation of prediction markets, opening the door to US Supreme Court debate.
Breaking: State Wins Lawsuit Over Prediction Markets and Sports Betting Regulation, Shaking the Industry ▼Read More https://biz-matome.com/archives/58172 The 6th U.S. Circuit Court of Appeals ruled that states have the right to regulate sports-related event contracts on prediction market platforms. The court unanimously decided that Ohio and Tennessee are permitted to apply state gambling laws to