✉news WorldLaw & Courts first seen 16 h ago, last 9 min ago, peak #1
Federal court rules Kalshi subject to Tennessee gambling laws
Original: Federal court rules Kalshi is subject to Tennessee’s gambling laws for sports contracts
A federal court has ruled that prediction market operator Kalshi is subject to Tennessee's gambling laws in relation to its sports event contracts. The decision means Kalshi cannot treat its sports contracts as federally regulated financial products exempt from state gaming rules, and could face enforcement in Tennessee. The ruling is being watched closely as states increasingly challenge prediction markets offering sports wagering without state licenses.
Why now: The ruling has immediate regulatory implications for Kalshi's sports contracts and the wider prediction market industry.
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- Federal court rules Kalshi is subject to Tennessee’s gambling laws for sports contracts · Tennessee Lookout
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