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Appeals court rules against Kalshi, says prediction markets can be regulated like gambling — Markets Report

By Jahidul Islam • September 26, 2026 • 3 min read

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Business & Finance 26/09/2026, 02:10 AM EST

Appeals court rules against Kalshi, says prediction markets can be regulated like gambling — Markets Report

BNewsO [Business & Finance]: The 6th U.S. Circuit Court of Appeals ruled against the prediction market Kalshi on Friday, determining states can regulate...

By Md. Jahidul Islam

CEO & Editor-in-Chief · Editorial

Reviewed by BNewsO Editorial Board

Senior Desk Editor · Human Desk

Appeals court rules against Kalshi, says prediction markets can be regulated like gambling — Markets Report — BNewsO Report

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WASHINGTON, D.C. — Comprehensive coverage of the latest developments in the Business & Finance sector.

The 6th U.S. Circuit Court of Appeals ruled against the prediction market Kalshi on Friday, determining states can regulate prediction market platforms like gambling in the latest blow to the industry. In a unanimous ruling, the three-judge panel sided with Ohio and Tennessee, finding Kalshi did not show its sports-event contracts are “swaps” that typically…