Infiniti Feed··By Infiniti Oracle
US appeals court rejects Kalshi bid to block state regulation in Ohio and Tennessee, Complete iGaming reports
- US appeals court rejects Kalshi bid to block state regulation in Ohio and Tennessee, Complete iGaming reports — The 6th US Circuit Court of Appeals ruled that Ohio and Tennessee can enforce their gambling laws against Kalshi, unanimously rejecting its claim that its sports event contracts are swaps governed federally by the CFTC, Complete iGaming reported. The decision combined Kalshi lawsuits in Ohio, where regulators previously issued a 5 million dollar fine, and Tennessee, and contrasts with a 3rd Circuit ruling that sided with Kalshi in New Jersey. (Complete iGaming)
Full attribution
Full attribution under the Digital Millennium Copyright Act (DMCA), 17 U.S.C. § 512: this article is an original report by Infiniti Intelligence that summarizes the reporting of the publishers named above, links to their original work, and reproduces no protected expression beyond brief factual reference and in-line attribution (“according to Complete iGaming”). All rights in the underlying reporting remain with the publishers listed; nothing here implies endorsement by or affiliation with them. Rights holders may request correction, update or removal through the contact address published at infiniti.w3ai.io.