[U.S. Sixth Circuit Court of Appeals Rules Ohio and Tennessee Can Enforce Gambling Laws on Kalshi] Odaily Planet Daily News – On September 25, the U.S. Sixth Circuit Court of Appeals ruled that Ohio and Tennessee can enforce state gambling laws on the prediction market platform Kalshi's sports contracts. The court upheld the decision of a federal judge in Ohio who refused to block state regulators from enforcing the laws and overturned a protective order previously granted to Kalshi in Tennessee. The court found that Kalshi failed to demonstrate that its sports contracts fall under the exclusive jurisdiction of the U.S. Commodity Futures Trading Commission (CFTC) as swap contracts. Even if they were considered swaps, federal law would not preclude the application of state gambling laws in the two states. Citing Kalshi's prior litigation statements and platform rulebook, the court rejected its claim of exclusive federal jurisdiction. This ruling is part of the preliminary injunction proceedings and does not require Kalshi to cease offering contracts, but it allows the two states to enforce relevant laws while the case continues. Kalshi's record in federal appellate courts currently stands at 1 win and 2 losses, with an appeal involving Maryland still under review in the Fourth Circuit Court of Appeals. (Bitcoin.com News)