Federal court rules Kalshi is subject to Tennessee’s gambling laws for sports contracts

By: Adam Friedman

Outlets: Tennessee Lookout

Published: September 28, 2026

Words: 490

Last Updated: 2 weeks, 3 days ago

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A federal appeals court ruled that prediction market Kalshi’s sports-event contracts are subject to Tennessee’s sports-wagering laws, reversing a lower-court ruling.

A three-judge panel of the U.S. Court of Appeals for the 6th Circuit ruled that sports event contracts on prediction market websites like Kalshi and Polymarket are essentially the same as placing a legal sports bet.

Kalshi started offering sports event contracts in Tennessee in 2025 without registering with the state’s …

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