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The 6th Circuit ruled against Kalshi in a major sports prediction market case, deepening a federal court split that could reach the Supreme Court.
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.
The ruling deepens a federal appellate split over whether states can regulate prediction markets trading. The Sixth Circuit resolved appeals arising in Ohio and Tennessee by ruling that sports-related event contracts on the Kalshi predictions mark...