COLUMBUS, Ohio — A federal appeals court has cleared the way for Ohio to enforce its sports-gambling laws against Kalshi, rejecting the prediction-market company’s argument that federal law protects ...

Kalshi’s sports-event contracts are not swaps because, unlike “contracts based on financial values or instruments (e.g., interest rates or stock prices), Kalshi’s sports-event contracts have only ...

A U.S. appeals court ruled against the prediction markets operator Kalshi, saying Tennessee can regulate it under its ...

Ohio’s governor said an appeals court ruling last week means prediction markets are illegal gambling and state law will be ...

Kalshi prediction markets can face Tennessee and Ohio gambling laws after a Sixth Circuit ruling, adding to a split over ...

Kalshi has lost another major court fight over sports prediction markets, with the 6th U.S. Circuit Court of Appeals ruling Friday that states can apply local gambling laws to sports event contracts.

The 6th U.S. Circuit Court of Appeals ruled against the prediction market Kalshi on Friday, determining states can regulate prediction market platforms like gambling in the latest blow to the industry ...

Kalshi lost another round Friday in its fight over whether states can treat prediction markets as gambling. A three-judge panel of the 6th U.S. Circuit Court of Appeals in Cincinnati ruled that Ohio ...

Close-up of a person's hand holding a smartphone displaying opening screen for the Kalshi app - Smith Collection/Gado/Getty Images Kalshi lost another round Friday in its fight over whether states can ...