Kalshi seeks rehearing in sports prediction contracts appeal

Kalshi has asked the Sixth U.S. Circuit Court of Appeals to rehear a ruling that allowed state gambling laws to be enforced against sports prediction contracts, CoinGape reported. On Sept. 25, a three-judge panel of the Sixth Circuit found Kalshi had not presented sufficient grounds to have its sports prediction contracts recognized as swaps. The panel therefore upheld a decision denying Ohio’s request for an injunction and lifted an injunction against Tennessee regulators.