regulationJune 12, 2026
39 States Back Ohio in Kalshi Fight as CFTC Approves Sports Prediction Markets
39 states and DC filed an amicus brief supporting Ohio against Kalshi, while the CFTC approved new rules for sports prediction markets.
In the ongoing legal battle between Kalshi and Ohio, 39 states plus the District of Columbia have filed an amicus brief in support of the state. The widespread opposition highlights significant state-level resistance to Kalshi's operations.
Despite this opposition, the Commodity Futures Trading Commission (CFTC) has moved to formally approve sports prediction markets under its new rules. The development marks a regulatory shift that could reshape the landscape for event-based wagering.
#kalshi#cfrc#sports-prediction-markets#ohio#state-regulation
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