Wire · regulatory
Kalshi Can Face Ohio, Tennessee Enforcement After New Ruling (1)
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Fusion42 · 26 September 2026 · Fusion42 review
The Sixth Circuit ruled that regulators in Ohio and Tennessee can enforce state sports gambling laws against Kalshi Inc., rejecting Kalshi's claim that the federal Commodity Futures Trading Commission (CFTC) has exclusive jurisdiction over its event contracts. This decision upholds Ohio's authority to act against Kalshi and vacates a prior injunction protecting Kalshi in Tennessee, marking a key development in the legal debate over whether prediction markets like Kalshi's are swaps under federal law or subject to state gambling regulations.
This Wire brief sits within Fusion42's coverage of Fintech, and 11 sources have reported it between 28 Aug 2026 and 25 Sep 2026.
◆ ◆ The Wire takeaway
You now face greater legal risk from state regulators if you run US prediction markets handled as sports bets. Review your compliance and market access plans as federal protection from the CFTC in this area is weaker than assumed.
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11 sources · first reported 28 Aug 2026 · latest 25 Sep 2026
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