Federal court rules Kalshi is subject to Tennessee’s gambling laws for sports contracts
A federal appeals court ruled that prediction market Kalshi's sports-event contracts are subject to Tennessee's gambling laws. The decision reverses a lower-court ruling and classifies these contracts as sports wagering.
A federal appeals court ruled that prediction market Kalshi’s sports-event contracts are subject to Tennessee’s sports-wagering laws, reversing a lower-court ruling. A three-judge panel of the U.S. Court of Appeals for the 6th Circuit ruled that sports event contracts on prediction market websites like Kalshi and Polymarket are essentially the same as placing a legal […]
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