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Kalshi sues Ohio regulator over planned $5m penalty

Regulation

Kalshi sued the Ohio Casino Control Commission in state court on 29 June, seeking to block its plan to impose a $5m penalty over alleged unlicensed sports betting. Kalshi argues that the proposed penalty violates its right to a civil jury trial and is seeking a permanent injunction and a declaration that Ohio breached state law. A separate federal case remains pending on appeal.

The lawsuit challenges Ohio’s proposed penalty and could affect the regulator’s enforcement action against Kalshi.

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CFTC gives prediction markets 30 days to justify or remove geographic restrictions

The US CFTC gave markets under its supervision 30 days from its 5 November announcement to remove domestic geographic restrictions or explain why they cannot do so. The direction does not legalise all prediction contracts or override court orders; on 4 November, a federal judge ordered Kalshi to stop offering sports contracts in territories of the Indigenous communities that brought the case.

The US CFTC has given markets under its supervision 30 days to remove domestic geographic restrictions that conflict with impartial access rules or explain why they cannot do so. The decision was announced on 5 November.

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