Sixth Circuit lets Ohio and Tennessee enforce gambling laws against Kalshi
The Sixth Circuit ruled on 25 September that Ohio and Tennessee can enforce their gambling laws against Kalshi’s sports event contracts. The court said Kalshi had not shown that the contracts met the Commodity Exchange Act’s definition of swaps and that the Act would not block state enforcement even if they did.
The ruling allows Ohio and Tennessee to apply their gambling laws to Kalshi’s sports event contracts.