US appeals court finds Kalshi subject to Tennessee's gambling laws

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A three judge panel from the 6th Circuit appeals court issued a unanimous decision granting Tennessee and Ohio the authority to enforce state gambling laws against Kalshi. This ruling confirms that Kalshi is subject to these specific regulations in both states. The decision deepens a legal split regarding the application of gambling laws to the platform, a conflict that may eventually reach the Supreme Court for a final determination on the matter of state regulation.
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