✉news WorldLaw & Courts first seen 1 d ago, last 4 h ago, peak #1
Federal court says Kalshi must follow 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 the company cannot treat its sports offerings as federally regulated derivatives exempt from state gambling regulation, and it could shape how states oversee sports prediction markets and similar platforms operating nationwide.
Why now: The ruling has immediate implications for Kalshi's sports contracts and the broader legal fight over whether prediction markets count as gambling under state law.
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- Federal court rules Kalshi is subject to Tennessee’s gambling laws for sports contracts · Tennessee Lookout
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