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.