Court Says Ohio, Tennessee Can Regulate Kalshi Prediction Bets

Ohio and Tennessee can regulate Kalshi's event contracts, bets on future outcomes, the 6th Circuit ruled unanimously September 25. It rejected Kalshi's claim that federal authorization blocks state oversight. The decision conflicts with the 3rd Circuit's April ruling for Kalshi and aligns with the 9th Circuit on Nevada. New Jersey has asked the Supreme Court to resolve the dispute.