Appeals court rules that states can regulate Kalshi’s sports prediction markets, dealing another legal blow to platforms

Appeals court rules that states can regulate Kalshi’s sports prediction markets, dealing another legal blow to platforms — Live Feedhttps://www.live-feeds.com/feed/appeals-court-rules-that-states-can-regulate-kalshi-s-sports-prediction-markets-dealing-another-legal-blow-to-platformsContinuously updated, source-cited coverage. Appeals Court Rules States Can Regulate Kalshi Sports Marketshttps://www.live-feeds.com/feed/appeals-court-rules-that-states-can-regulate-kalshi-s-sports-prediction-markets-dealing-another-legal-blow-to-platformshttps://www.live-feeds.com/feed/appeals-court-rules-that-states-can-regulate-kalshi-s-sports-prediction-markets-dealing-another-legal-blow-to-platforms#u88173Tue, 29 Sep 2026 08:51:49 +0000A federal appeals court ruled that states retain the authority to regulate Kalshi's sports-related event contracts under state gambling laws. The unanimous decision from the Sixth U.S. Circuit Court of Appeals dealt a significant legal blow to the prediction market platform, siding with officials in Ohio and Tennessee. Judges found that Kalshi failed to prove its sports event contracts qualify as swaps under federal oversight, opening the door for broader state-level regulatory crackdowns.Why it mattersThe ruling marks the second time in less than a month that an appeals court has decided