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US appeals court rules against Kalshi, says states can regulate prediction markets

Sept 25 (Reuters) - A US appeals court ⁠on Friday ruled against the prediction markets operator Kalshi, saying Ohio and Tennessee can regulate its so-called event ⁠contracts under their gambling laws.

The Star MalaysiaJonathan Stempel查看原文 ↗
美国上诉法院驳回卡尔希的诉讼,称各州可以监管预测市场。

FILE PHOTO: Kalshi logo appears in this illustration taken April 22, 2026. REUTERS/Dado Ruvic/Illustration/File Photo

Sept 25 (Reuters) - A US appeals court ⁠on Friday ruled against the prediction markets operator Kalshi, saying Ohio and Tennessee can regulate its so-called event ⁠contracts under their gambling laws.

The decision by the 6th US Circuit Court of Appeals in Cincinnati deepens ‌a split among federal appeals courts over whether state regulators or the federal Commodity Futures Trading Commission should have authority to regulate the fast-growing industry. This raises the potential that the US Supreme Court may decide to settle the matter.

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