Kalshi Loses Major Legal Battle as Appeals Court Says Ohio, Tennessee Can Regulate Prediction Markets Under Gambling Laws
A federal appeals court ruled Ohio and Tennessee can regulate Kalshi’s sports contracts under state gambling laws.
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Why It Matters
A court said two states can treat prediction markets like gambling. This means Kalshi may face new rules or limits on its business.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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