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US appeals court rules against Kalshi, says states can regulate prediction markets

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.

US appeals court rules against Kalshi, says states can regulate prediction markets

We haven't written up this one. Economic Times Tech has the full story — the link below goes straight to it.

Read the original at economictimes.indiatimes.com →

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