US appeals court rules against Kalshi, says states can regulate prediction markets
FILE PHOTO: Kalshi logo appears in this illustration taken April 22, 2026. REUTERS/Dado Ruvic/Illustration/File Photo
Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
Sept 25 : A US appeals court on Friday ruled against the prediction markets operator Kalshi, saying states can regulate its so-called event contracts under their gambling laws.
The 6th US Circuit Court of Appeals said Kalshi has not shown that its sports event contracts are “swaps” that should be regulated exclusively by the federal Commodity Futures Trading Commission. It also said federal law did not preempt Ohio’s or Tennessee’s gambling laws.
Source: Reuters
Sign up for our newsletters
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
