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🚨 Kalshi Faces Setback in Sixth Circuit Court Ruling
Prediction market platform Kalshi has faced a setback after the U.S. Court of Appeals for the Sixth Circuit ruled in favor of regulators in Ohio and Tennessee.
The court found that Kalshi had not established that its sports-event contracts were protected as federally regulated “swaps.” As a result, the states can continue enforcing their gambling laws against these contracts while the legal dispute continues.
📌 This ruling could have broader implications for prediction markets and the regulatory debate around event-based contracts in the U.S.
⚠️ DYOR | This is not financial advice.
#Kalshi #PredictionMarkets #Markets #Regulation #CryptoNews
🚨 Kalshi Faces Setback in Sixth Circuit Court Ruling
Prediction market platform Kalshi has faced a setback after the U.S. Court of Appeals for the Sixth Circuit ruled in favor of regulators in Ohio and Tennessee.
The court found that Kalshi had not established that its sports-event contracts were protected as federally regulated “swaps.” As a result, the states can continue enforcing their gambling laws against these contracts while the legal dispute continues.
📌 This ruling could have broader implications for prediction markets and the regulatory debate around event-based contracts in the U.S.
⚠️ DYOR | This is not financial advice.
#Kalshi #PredictionMarkets #Markets #Regulation #CryptoNews
