Wire · regulatory
Kalshi Loses Another Appeal, Raising Odds of US Supreme Court Review
◆ Sectors
◆ Geography
◆ Source
◆ Verified
Fusion42 · 27 September 2026 · Fusion42 review
Kalshi lost another appeal when the US Sixth Circuit ruled that Kalshi's sports event contracts are not swaps under CFTC jurisdiction and upheld state gambling laws regulating prediction markets, increasing chances of a Supreme Court review to clarify regulatory authority.
This Wire brief sits within Fusion42's coverage of Fintech, and 2 sources have reported it between 27 Sep 2026 and 29 Sep 2026.
◆ ◆ The Wire takeaway
You face a regulatory crossroads in US prediction markets as the Supreme Court may soon decide who controls oversight, federal regulators or state gambling authorities. This ruling could force you to rethink market access and compliance strategies depending on the dominant regulator.
◆ Coverage
2 sources · first reported 27 Sep 2026 · latest 29 Sep 2026
◆ Related on Wire
◆ Topics