Ohio court denies Kalshi's request to block state betting law

An Ohio court has denied a request from Kalshi for a preliminary injunction to block the enforcement of a state law regulating sports betting. According to The Block, Kalshi had previously filed the injunction, arguing that its event contracts are regulated by the Commodity Futures Trading Commission (CFTC). The company contended that its right to operate as a federally regulated prediction market supersedes state-level sports betting regulations. Kalshi said it plans to appeal the court's decision.