Story preview
Sixth Circuit Rules Kalshi Sports Contracts Are Not Federal Swaps
About this story
- Published
- Sep 27, 2026, 8:15 AM UTC
Continue reading on the publisher site for the full article.
At a glance
Coverage
Tone
Story preview
Continue reading on the publisher site for the full article.
Coverage
Tone
Outlets covering it
13
in the last 3 days
First reported
3 days ago
12 outlets since
Countries
12 other outlets reported this story in the last 3 days.
The ruling deepens a split among the U.S. circuit courts regarding federal preemption of the prediction markets, increasing the likelihood the Supreme Court will grant review and resolve the issue.
Sixth Circuit rules Kalshi's sports contracts are gambling under Ohio and Tennessee law, deepening a circuit split that could reach the Supreme Court.
The ruling specifically allows states such as Ohio and Tennessee to apply their respective gambling laws to the prediction market’s sports event contracts and comes after Kalshi began offering these contracts on its exchange in early 2025.