Ohio and Tennessee Can Treat Kalshi Bets as Gambling, Court Says

Ohio and Tennessee can treat Kalshi's bets on future events like gambling, the 6th Circuit appeals court ruled unanimously September 25. The court rejected Kalshi's claim that permission from Washington overrules states. The decision disagrees with the 3rd Circuit's April ruling for Kalshi, agrees with the 9th Circuit on Nevada, and New Jersey wants the Supreme Court to decide.