#The market is predictive

The U.S. Court of Appeals ruled that the gambling laws can be applied to Kalshi's Ohio-Tennessee event contract.

The U.S. Court of Appeals for the Sixth Circuit noted that Kalshi's event contract may be governed by Ohio and Tennessee gambling laws as it

Another appellate court case ruled unfavorably against market maker Kalshi, stating that sports-related contracts must be subject to state regulation.

The U.S. Court of Appeals ruled that Kalshi's sports betting contracts were not federally regulated exchanges because they did not involve f