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Another appeals court rules against prediction market provider Kalshi, says sports contracts are subject to state regulations

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Another appeals court rules against prediction market provider Kalshi, says sports contracts are subject to state regulations

A Sixth Circuit Court of Appeals panel ruled that prediction markets' sports-related events contracts are not swaps, and therefore aren't subject to federal regulatory oversight.

Another appeals court rules against prediction market provider Kalshi, says sports contracts are subject to state regulations

Source：CoinDesk

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Source：https://www.coindesk.com/policy/2026/09/25/another-appeals-court-rules-against-prediction-market-provider-kalshi-says-sports-contracts-are-subject-to-state-regulations