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Legal● Neutral for Indian equities
Appeals court says states can regulate Kalshi sports contracts
The brief
- The Sixth Circuit said sports event contracts are not swaps subject to federal regulation
- This is the second appeals court ruling in under a month recognizing states’ role
- US appeals court rules against Kalshi, says states can regulate prediction markets
- Why Kalshi Just Lost A Key Court Battle Over Who Can Regulate Prediction Markets
US state regulation of prediction markets
New York sued Polymarket, alleging it violated state gambling laws and seeking to block its operations without a licence. An appeals court separately ruled that states can regulate Kalshi’s sports prediction markets.
Saturday, 26 September
- Appeals court says states can regulate Kalshi sports contracts