Kalshi Secures Key Appellate Court Ruling, Expands US Reach

Kalshi has won its sixth appellate court decision, allowing it to continue operating event contracts in Ohio and Tennessee.

The court ruling is a significant victory for Kalshi, as it paves the way for the company to operate in two key US states. The decision also underscores the growing acceptance of decentralized derivatives within the regulatory framework.

Kalshi's CEO has not commented on the matter, but the company's lawyers have welcomed the ruling, stating that it is a major step forward for the industry as a whole.