Illinois, Iowa and Tennessee had developments concerning proposed sports betting and igaming legislation, according to a media report. The report also noted further opposition to sweepstakes businesses but did not specify the measures or their status.
Legislative proposals and opposition to sweepstakes businesses may affect market access and regulation in the three states.
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The Sixth Circuit ruled against Kalshi on Friday. The decision allows Ohio and Tennessee to apply their sports betting laws to the prediction market operator.
Kalshi suffered a fresh setback on Friday when a three-judge panel of the Sixth Circuit ruled unanimously against the prediction market operator, according to a report. That outcome opens the door for officials in Tennessee and Ohio to apply their state sports wagering statutes to the company. The panel turned aside Kalshi's claim that its sports contracts are governed exclusively by the Commodity Futures Trading Commission. The report was published on September 28, 2026.
Iowa’s licensed sports betting operators recorded $185.4m in handle in June, reportedly, up 10% year on year. Online betting drove the increase, according to the report.
Tennessee’s online sports betting market recorded $446.2 million in wagering in May, reportedly up 1% year on year. The report provides no further market figures in the available text.
Tennessee Attorney General Jonathan Skrmetti has asked the Sixth Circuit to reverse a lower-court ruling that allowed Kalshi to offer sports-event contracts in the state. Skrmetti argues the contracts fall under Tennessee’s sports wagering laws; Kalshi says its products are swaps regulated federally by the CFTC.
Iowa sports wagering revenue rose 55.98% year on year to $24.57m in March 2026, while casino revenue fell 2.07% to $151.53m, according to figures provided to the Iowa Racing and Gaming Commission. The month included the full opening of Bally's Marquette landside casino, which posted an 83.8% revenue increase.