Illinois federal judge finds Kalshi sports contracts likely qualify as swaps
By SectorWire desk ·
Summary
The report said that an Illinois federal judge found Kalshi's sports event contracts likely qualify as swaps late the previous week. The outlet also reported that Ohio regulators had launched a separate enforcement push against prediction markets.
Why it matters
The Illinois finding supports Kalshi’s sports contracts qualifying as swaps as Ohio regulators pursue separate enforcement against prediction markets.