#state gambling laws

2 stories

#kalshi #prediction markets #business #cftc #circuit court #commodity futures trading commission #federal court #federal preemption #finance #gambling regulation #ohio #science

Kalshi Sports Bets Face Legal Challenge
Federal court rules Kalshi's sports contracts aren't federally regulated swaps.
Pymnts · 1m
Kalshi loses again as judges rule prediction markets must obey gambling laws
A federal appeals court sided with Ohio and Tennessee, ruling that Kalshi's sports betting platform must follow state gambling laws, not just federal oversight.
Ars Technica · 1m