Federal Appeals Court Upholds State Authority Over Kalshi Sports Event Contracts

CNBC Finance reports that the 6th U.S. Circuit Court of Appeals has ruled against Kalshi, granting Ohio and Tennessee the power to regulate sports prediction markets under state gambling statutes. The unanimous judicial panel determined these specific contracts do not meet the le

CNBC Finance reports that the 6th U.S. Circuit Court of Appeals has ruled against Kalshi, granting Ohio and Tennessee the power to regulate sports prediction markets under state gambling statutes. The unanimous judicial panel determined these specific contracts do not meet the le