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Sixth Circuit lets Ohio and Tennessee enforce gambling laws against Kalshi

Regulation

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.

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Regulation

Ninth Circuit backs California tribes’ claims against Kalshi event contracts

The US Court of Appeals for the Ninth Circuit ruled 3-0 for the Blue Lake Rancheria and Chicken Ranch Rancheria of the Me-Wuk Indians in part of their case against Kalshi and Robinhood. The panel found the tribes likely to succeed in arguing that Kalshi’s sports-event contracts on tribal lands violated the Indian Gaming Regulatory Act and tribal gaming ordinances, and sent the case back to the lower court to review remaining claims. The ruling did not order Kalshi to stop offering contracts in California.

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