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Kalshi Prediction Markets Face Appeals Court Split
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- Published
- Sep 28, 2026, 9:01 AM UTC
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The 6th Circuit said Ohio and Tennessee can apply gambling laws to Kalshi, deepening a split that may reach the Supreme Court.
A federal appeals court ruled against Kalshi, saying Ohio and Tennessee can regulate its so-called event contracts under their gambling laws.
Kalshi prediction markets face conflicting appeals court rulings, leaving state gambling laws and federal oversight at odds across the US.