Ohio Judge Rules Kalshi Sports Markets Violate State Gambling Laws
TL;DR Summary
An Ohio federal judge ruled that Kalshi’s sports-prediction markets count as gambling under state law and must be regulated as such, denying Kalshi’s bid to treat them as federally preempted swaps; Kalshi said it will appeal as states continue to navigate whether prediction markets belong under gambling or financial regulation.
- Ohio judge rules that Kalshi is sports betting and must adhere to state law NBC News
- Ohio judge orders Kalshi to follow state betting laws The Hill
- ‘History reveals no evidence’ Congress intended to preempt gambling laws, judge says in Kalshi case The Block
- Tennessee Federal Court Addresses State Authority Over Sports-Event Contracts regulatoryoversight.com
- Kalshi’s Critical Setback: Ohio Court Denies Injunction Against State Sports Betting Law Binance
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