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Cointelegraph by Turner Wright

Ohio federal court rejects Kalshi's bid to block state oversight of sports event contracts

A federal judge in the Southern District of Ohio has denied Kalshi's motion for a preliminary injunction seeking to stop state authorities from regulating its sports event contracts. The court found that Kalshi failed to show these contracts fall under the Commodity Futures Trading Commission's exclusive jurisdiction or that federal commodities law preempts Ohio's sports gambling statutes. Kalshi plans to appeal the ruling, which diverges from a recent federal court decision in Tennessee.
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