Ohio Gambling Board Can Regulate Kalshi, Federal Judge Says

Ohio gambling regulators can act against Kalshi while the prediction market platform continues its legal battle against them, a federal judge ruled Monday.

Chief Judge Sarah D. Morrison of the US District Court for the Southern District of Ohio refused to grant Kalshi a preliminary injunction in a lawsuit the company filed in October against state officials, saying it’s unlikely to succeed by the end of the case. The ruling is another in a wide-ranging set of lawsuits waged against states by prediction markets as they argue the federal Commodity Futures Trading Commission is the only agency that has power ...