Kalshi Gets CFTC Support in Ohio Sports Market Appeal

CFTC backs Kalshi against state gambling enforcement

The Commodity Futures Trading Commission (CFTC) is pressing a federal appeals court to reaffirm that prediction markets fall under federal supervision instead of state gambling enforcement. In a brief filed Tuesday (May 12) with the U.S. Court of Appeals for the Sixth Circuit, the agency asked judges to overturn an Ohio ruling tied to Kalshi’s ongoing dispute with state regulators. The filing argues that Congress already gave the CFTC sole autho…

Kalshi gets CFTC support in Ohio sports market appeal

CFTC backs Kalshi in Ohio appeal, saying prediction markets on regulated exchanges fall under federal oversight, not state gambling rules

CFTC backs Kalshi as Ohio dispute tests prediction-market rules

The U.S. Commodity Futures Trading Commission is stepping up its defense of federal authority over prediction markets, as it filed an amicus brief in the Sixth Circuit backing Kalshi in its challenge to Ohio’s regulatory stance. The CFTC argues...

CFTC Sides With Kalshi in High-Stakes Prediction Markets Battle

TL;DR: The CFTC filed an amicus curiae brief with the Sixth Circuit Court of Appeals to challenge Ohio’s authority over prediction markets. The federal regulator has initiated similar legal actions against five other states, including New York, Illinois, and Arizona, during recent months. The dispute arises following a 2025 lawsuit by Ohio that labeled the platform’s operations as unauthorized sports betting under state laws. The Commodity Futu…

CFTC Challenges Ohio Lawsuit Against Kalshi in Escalating Prediction Market Fight

Why Is the CFTC Challenging Ohio’s Kalshi Case? The Commodity Futures Trading Commission has entered another legal fight over prediction markets, filing an amicus brief in the U.S. Court of Appeals for the Sixth Circuit that challenges Ohio’s complaint against Kalshi. Ohio officials, including Ohio Casino Control Commission Executive Director Matthew Schuler, argued in a 2025 complaint that Kalshi was operating as unlicensed sports betting. In M…