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Kalshi faces potential Supreme Court review over US sports event contracts

Regulation

Kalshi’s legal dispute over sports event contracts could reach the US Supreme Court next year if another appeals court rules against the company, reportedly according to gambling industry lawyers. A Nevada appeals panel heard arguments this week, while the report says a separate appeals court had earlier ruled in Kalshi’s favour against New Jersey.

The cases could affect whether states can regulate sports event contracts offered by prediction markets.

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Regulation

Ohio seeks Supreme Court review of US sports prediction market jurisdiction

Ohio has asked the US Supreme Court to hear a dispute over authority to regulate sports prediction markets. A bipartisan coalition of 39 states supports the request. Ohio argues states should oversee these products, while operators including Kalshi and Polymarket say they offer swaps under Commodity Futures Trading Commission supervision.

Ohio has asked the US Supreme Court to hear a dispute over whether sports-related prediction markets fall under state gambling law or federal oversight of swaps, according to a filing by the state. Ohio is leading a bipartisan coalition of 39 states in the request. The Supreme Court is not required to take the case, and it is not yet known whether the justices will agree to hear it.

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