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VitalLaw analysis details Sixth Circuit ruling that Ohio and Tennessee may apply gambling laws to Kalshi sports trading

  • VitalLaw analysis details Sixth Circuit ruling that Ohio and Tennessee may apply gambling laws to Kalshi sports trading — A VitalLaw analysis of KalshiEx v. Schuler explains that the Sixth Circuit held Kalshi sports-event contracts are not swaps under the Commodity Exchange Act and that federal law does not preempt Ohio or Tennessee gambling laws, affirming the Ohio injunction denial and vacating the Tennessee injunction. (VitalLaw)

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