Kalshi sues Ohio regulators over cease-and-desist order
Kalshi sued the Ohio Casino Control Commission and the state attorney general to block enforcement of a cease-and-desist order, according to reports. Kalshi argues that the Commodity Futures Trading Commission has exclusive jurisdiction over its event contracts and that state gambling laws do not apply. The Ohio commission had previously warned licensed gambling companies against entering prediction markets.
The lawsuit tests whether Ohio can enforce state gambling rules against Kalshi’s event contracts.