Federal Judge in Chicago Joins Third Circuit, Shielding Kalshi From State Regulations

The decision hinged on whether the sports-related contracts sold by Kalshi count as “swaps” under the Commodity Exchange Act. Courts across the country are divided on the issue.

       

The decision hinged on whether the sports-related contracts sold by Kalshi count as “swaps” under the Commodity Exchange Act. Courts across the country are divided on the issue.