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Sixth Circuit rules Ohio and Tennessee can apply gambling laws to Kalshi contracts

Regulation

The US Court of Appeals for the Sixth Circuit ruled that Ohio and Tennessee can regulate Kalshi’s sports-related event contracts under state gambling laws. The unanimous panel found Kalshi had not shown the contracts were swaps under the Commodity Exchange Act and vacated a Tennessee injunction blocking enforcement. Kalshi said it disagreed with the decision.

The ruling supports state enforcement of gambling laws against sports-related prediction-market contracts in Ohio and Tennessee.

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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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