星球日报
星球日报|Mar 10, 2026 23:14
[U.S. Court Rejects Kalshi's Request for Temporary Injunction, States Congress Did Not Intend to Exclude State Gambling Laws] Odaily Planet Daily reports that U.S. District Court Judge Sarah D. Morrison in Ohio ruled that historical records do not indicate Congress intended for federal law to take precedence over state sports gambling regulations. Based on this, the court rejected the temporary injunction request filed by prediction market platform Kalshi. Kalshi had previously sought to prevent Ohio regulators from enforcing local gambling laws. The platform operates prediction markets that allow users to bet on the outcomes of specific events, including sports results. Last year, the Ohio Casino Control Commission accused Kalshi of engaging in illegal sports gambling activities in the state. In her ruling, the judge stated that there is no evidence Congress intended to override state authority over sports gambling when drafting relevant laws. As a result, Kalshi is currently unable to prevent state regulators from continuing enforcement actions. This case is part of a broader legal dispute between Kalshi and multiple state regulatory agencies. The core issue of the dispute is whether the event contracts offered by the platform should be considered financial products regulated under federal derivatives law or classified as sports gambling under state gambling regulations. This case is seen as an important test of the legality of prediction markets, and its outcome could influence the regulatory future of other prediction market platforms in the U.S., including Polymarket.
+5
Mentioned
Share To

Timeline

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads