Court Allows Ohio and Tennessee to Apply Gambling Laws to Kalshi

On September 25, the U.S. Court of Appeals for the Sixth Circuit ruled that Kalshi’s sports contracts are not swaps and therefore do not fall under the exclusive jurisdiction of the CFTC. Authorities in Ohio and Tennessee can apply their local gambling laws to these contracts.

Steven M. Crimmins

Steven M. Crimmins is a cryptocurrency strategist and freelance writer who has followed the blockchain industry since Bitcoin’s early days. Known for his sharp analysis of altcoins and trading strategies, Steven provides Satoshi News Africa readers with market-focused content grounded in research. He is especially interested in how African traders are adopting crypto as an alternative to traditional markets. Steven is also a podcast host, where he discusses emerging technologies and investment trends.