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🔥 Trending event · 11 sources

Court allows Ohio and Tennessee to regulate Kalshi sports contracts

First reported September 25, 2026 by CNBC · covered by 11 sources

In short

A federal appeals court ruled that Ohio and Tennessee can enforce gambling laws against Kalshi’s sports-event contracts, citing statements the company made in court. The 6th Circuit also said Kalshi had not adequately shown that the contracts were swaps under the Commodity Exchange Act. The ruling adds to a circuit split that could bring the issue before the Supreme Court.

KalshiOhioTennesseeTribunal SupremoNew JerseyNevada

Written by our news service from the 11 sources below, updated September 29, 2026.

Timeline
  1. Sep 25, 21:06 UTC · CNBC
    Appeals court rules that states can regulate Kalshi’s sports prediction markets, dealing another legal blow to platforms ↗
  2. Sep 26, 13:21 UTC · Cointelegraph
    Kalshi loses appeal, setting up potential Supreme Court case ↗
  3. Sep 26, 15:17 UTC · The Block
    Kalshi loses appeal over Ohio and Tennessee sports betting laws, widening circuit split ↗
  4. Sep 29, 06:30 UTC · Bitcoin.com News
    Sixth Circuit Turns Kalshi’s Own Words Against It in Two-State Loss ↗
Tone of coverage

How the 11 sources covering this story frame each entity. One source, one vote.

Kalshi0 · 8 · 3
  • neutralCoinDesk — “Another appeals court rules against prediction market provider Kalshi” ↗
  • neutralThe Block — “Kalshi loses appeal over Ohio and Tennessee sports betting laws” ↗
  • neutralCrypto.news — “Kalshi lost another appeals case” ↗
  • criticalCNBC — “dealing another legal blow to platforms” ↗
  • criticalBitcoin.com News — “Turns Kalshi’s Own Words Against It in Two-State Loss” ↗
  • neutralCourthouse News — “Sixth Circuit says states can regulate Kalshi’s prediction market” ↗
  • neutralMashable — “can regulate Kalshi under gambling laws” ↗
  • neutralAl Jazeera — ““US court rules against Kalshi, says states can regulate prediction markets”” ↗
  • criticalArs Technica — “Kalshi loses again” ↗
  • neutralThe Hill — “Appeals court rules against Kalshi” ↗
  • neutralCointelegraph — “The 6th US Circuit Court of Appeals ruled against prediction market Kalshi” ↗
Tribunal Supremo0 · 1 · 0
  • neutralCointelegraph — “The 6th US Circuit Court of Appeals ruled against prediction market Kalshi” ↗

Labels are assigned per article by our news service with ≥ 60% confidence and a supporting quote. How it works.

All coverage
Appeals court rules against Kalshi, says prediction markets can be regulated like gambling

Appeals court rules against Kalshi, says prediction markets can be regulated like gambling

The 6th U.S. Circuit Court of Appeals ruled against the prediction market Kalshi Friday, determining states can regulate prediction market platforms like gambling in the latest blow to the industry. In a unanimous ruling, the three-judge panel sided with Ohio and Tennessee, finding Kalshi did not show its sports-event contracts are “swaps” that typically fall…

Kalshineutral
KalshiOhioTennessee
Sep 25, 2026 · byThe Hill
Sixth Circuit Turns Kalshi’s Own Words Against It in Two-State Loss

Sixth Circuit Turns Kalshi’s Own Words Against It in Two-State Loss

A federal appeals court ruled Sept. 25 that Ohio and Tennessee can enforce their gambling laws against Kalshi’s sports contracts. The court built part of its reasoning on things Kalshi had said in court. The company’s multi-state litigation footprint already produced a circuit split, and its reply to New Jersey’s Supreme Court petition is due […]

Kalshicritical
KalshiNew JerseyOhio
Sep 29, 2026 · byBitcoin.com News