A federal appeals court ruled on Friday that Kalshi has not adequately shown that its sports event contracts constitute swaps under the Commodity Exchange Act. This decision concerns sports betting laws in Ohio and Tennessee. The circuit split is widening, reflecting growing divergences between different jurisdictions on the legal classification of these financial products linked to sporting events.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
