Kalshi loses appeal over Ohio and Tennessee sports betting laws, widening circuit split
A federal appeals court ruled on Friday that Kalshi has not adequately shown its sports event contracts are swaps under the Commodity Exchange Act.
We haven't written up this one. The Block has the full story — the link below goes straight to it.
This story
This is one outlet's version. Read the fullest account.
- Jonathan warns politicians against bending rules to win elections businessday.ng
- A US appeals court rules that Kalshi's sports contracts are not "swaps" subject only to CFTC regulation, allowing states to regulate them under gambling laws (Jonathan Stempel/Reuters) reuters.com
- Kalshi loses appeals court ruling on state regulation of prediction markets seekingalpha.com
