Kalshi Loses Again as Sixth Circuit Says States Can Police Its Sports Contracts
The Sixth Circuit ruled Ohio and Tennessee can enforce gambling laws against Kalshi’s sports contracts, rejecting Kalshi’s swap‑definition argument.
A federal appeals court decided that Kalshi’s sports contracts are not swaps and that state gambling laws are not preempted by federal law.
Source
Read original sourceWhy we picked this
Court ruling on Kalshi’s sports contracts informs regulatory environment for tokenized derivatives.