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Economy4:34 PM ET

Kalshi subject to state gambling laws, appeals court finds — major blow to prediction market giant

A US appeals court ruled Friday that Ohio and Tennessee can regulate Kalshi’s so-called event contracts under gambling laws, dealing the prediction market giant one of its biggest legal blows yet.

Republican Ledger staff · 4:34 PM ET

Kalshi subject to state gambling laws, appeals court finds — major blow to prediction market giant
The Republican Ledger

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A US appeals court ruled Friday that Ohio and Tennessee can regulate Kalshi’s so-called event contracts under gambling laws, dealing the prediction market giant one of its biggest legal blows yet.

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