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Sixth Circuit denies Michigan regulator’s bid to halt TwinSpires

Regulation

The US Court of Appeals for the Sixth Circuit denied the Michigan Gaming Control Board’s request to stay a lower-court order allowing TwinSpires to operate in Michigan. Churchill Downs, TwinSpires’ parent, said the decision supports its challenge to the state’s restrictions; the regulator maintains that operators taking bets from Michigan residents must partner with an in-state licensed racetrack. The case continues, with further oral arguments expected in the coming weeks.

The ruling allows TwinSpires to continue Michigan operations while the dispute over state requirements and interstate wagering proceeds.

End-of-day close Churchill Downs (CHDN), USD, to 19 September 2025
Story date23 June 202519 September 2025

Latest reported results

Churchill Downs NASDAQ: CHDN

Quarter ended 30 September 2026

Revenue
USD 696.0m10-Q filing 0000020212-26-000084
Operating income
USD 143.0m10-Q filing 0000020212-26-000084

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Sixth Circuit rejects Kalshi appeal over Ohio and Tennessee sports betting enforcement

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.

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