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Sixth Circuit ruling lets Tennessee and Ohio apply gambling laws to Kalshi sports contracts
- Sixth Circuit ruling lets Tennessee and Ohio apply gambling laws to Kalshi sports contracts — ReadWrite reports the Sixth Circuit ruled on September 25 that Tennessee and Ohio can regulate Kalshi sports-event contracts under state gambling laws, finding Kalshi had not shown the contracts qualify as swaps under exclusive CFTC jurisdiction. The decision vacated a Tennessee injunction and adds to the split among federal appeals courts. (ReadWrite)
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