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Sixth Circuit Rules States Can Regulate Kalshi's Sports Prediction Markets
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- Published
- Sep 28, 2026, 3:32 AM UTC
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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.
A federal appeals court ruled on Friday that Kalshi’s sports-related event contracts are not swaps, a decision that clears the way for Ohio and Tennessee to regulate the prediction-market
Another federal appeals court has ruled against Kalshi in the battle over regulation of prediction markets involving sports wagers.