TREE NEWS update: The 6th US Circuit Court of Appeals ruled against prediction market Kalshi, siding with Ohio and Tennessee on regulating sports-event contracts under state laws. The decision sets up a potential Supreme Court case over whether state gaming regulators or the federal CFTC have authority over such contracts.
Kalshi Loses 6th Circuit Appeal Over Sports-Event Contracts
AI take
This ruling deepens the unresolved jurisdictional split over event contracts, pitting state gaming regulators against the CFTC's federal derivatives framework. For prediction markets, the practical risk is a patchwork of state-by-state restrictions rather than a single national rulebook, which shapes compliance costs and product availability. The circuit split also raises the odds of Supreme Court review, making the boundaries of CFTC authority the key variable to watch.
Generated by AI for reference only.
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