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Prediction market legality guide notes circuit split over Kalshi sports contracts, Corporate INTL reports
- Prediction market legality guide notes circuit split over Kalshi sports contracts, Corporate INTL reports — A Corporate INTL legal guide notes US courts are split on prediction market sports contracts, with the Sixth Circuit holding on September 25, 2026 that Kalshi sports contracts are not swaps and federal law does not preempt Ohio or Tennessee gambling laws, while the Third Circuit sided with Kalshi. The guide says two petitions are pending at the Supreme Court and the CFTC is consulting on new rules. (Corporate INTL)
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