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

Another appeals court has ruled against Kalshi, a prediction market provider, stating that sports-related contracts are subject to state regulations rather than federal oversight. The Sixth Circuit Court of Appeals made this decision, affirming that such contracts are not considered swaps under federal law.

Sources

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

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