Appeals court says Ohio and Tennessee can regulate Kalshi under gambling laws

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1. 1h ago

   Appeals court: Ohio, Tennessee can regulate Kalshi under gambling laws

   A US appeals court ruled that Ohio and Tennessee can regulate Kalshi's event contracts under their gambling laws, dealing a significant blow to the prediction market operator. The 6th US Circuit Court of Appeals decision deepens a split that may reach the Supreme Court. Kalshi's sports contracts are now subject to state gambling regulations.

   Why it matters

   The ruling marks a major development in the ongoing debate over the regulation of prediction markets in the US. Kalshi has been operating in a regulatory gray area, and the court's decision may force the company to reevaluate its business model. The case may ultimately be decided by the Supreme Court.

   What is confirmed

   • The 6th US Circuit Court of Appeals ruled that Ohio and Tennessee can regulate Kalshi's event contracts under their gambling laws.
   • Kalshi's sports contracts are subject to state gambling regulations.
   • The decision deepens a split that may reach the Supreme Court.

   What to watch next

   • The potential appeal of the 6th US Circuit Court of Appeals decision to the Supreme Court
   • The impact of the ruling on Kalshi's business operations and future growth
   • Further regulatory actions by other states against Kalshi or similar prediction market operators
   Sources used for this update (17)

   1. wsj.com — Kalshi’s Embrace of Sports Betting Tests Rules for Prediction Markets
   2. CNBC — Appeals court rules that states can regulate Kalshi’s sports prediction markets, dealing another legal blow to platforms
   3. Reuters — US appeals court rules against Kalshi, says states can regulate prediction markets
   4. Al Jazeera — US court rules against Kalshi, says states can regulate prediction markets
   5. thehill.com — Appeals court rules against Kalshi, says prediction markets can be regulated like gambling
   6. nypost.com — Kalshi subject to state gambling laws, appeals court finds — major blow to prediction market giant
   7. www.unionleader.com — Appeals court rules against Kalshi, says states can regulate prediction markets
   8. Mashable — Appeals court says Ohio and Tennessee can regulate Kalshi under gambling laws
   9. Sportico.com — Kalshi Split Widens With 6th Circuit Ruling on Sports Event Contracts
   10. Cleveland.com — Sixth Circuit rules Ohio can regulate Kalshi sports contracts
   11. WKRN News 2 — US appeals court finds Kalshi subject to Tennessee’s gambling laws
   12. arstechnica.com — Kalshi loses again as judges rule prediction markets must obey gambling laws
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