{"id":19896,"date":"2026-05-13T06:05:12","date_gmt":"2026-05-13T06:05:12","guid":{"rendered":"https:\/\/cryptoted.net\/index.php\/2026\/05\/13\/kalshi-gets-cftc-support-in-ohio-sports-market-appeal\/"},"modified":"2026-05-13T06:05:12","modified_gmt":"2026-05-13T06:05:12","slug":"kalshi-gets-cftc-support-in-ohio-sports-market-appeal","status":"publish","type":"post","link":"https:\/\/cryptoted.net\/index.php\/2026\/05\/13\/kalshi-gets-cftc-support-in-ohio-sports-market-appeal\/","title":{"rendered":"Kalshi gets CFTC support in Ohio sports market appeal"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/media.crypto.news\/2026\/05\/IMG_6575.webp\" \/><\/p>\n<div>\n<p><strong>The Commodity Futures Trading Commission has backed Kalshi in its appeal against Ohio regulators, asking the U.S. Court of Appeals for the Sixth Circuit to affirm federal oversight of prediction markets.\u00a0<\/strong><\/p>\n<div id=\"cn-block-summary-block_559931c55ea2b2055239c7a90c79a97a\" class=\"cn-block-summary\">\n<p>\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/p>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>CFTC says Ohio went too far by treating Kalshi\u2019s federally regulated event contracts as sports gambling.<\/li>\n<li>The Ohio appeal adds to wider state battles over Kalshi, Polymarket, Crypto.com, Coinbase, and Robinhood.<\/li>\n<li>Trump-appointed CFTC Chair Michael Selig says the agency will defend its authority over prediction markets.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The agency <a href=\"https:\/\/www.cftc.gov\/About\/Commissioners\/MichaelSelig\/index.htm\" target=\"_blank\" rel=\"nofollow\">filed<\/a> an amicus brief in KalshiEx LLC v. Matthew T. Schuler, et al., on May 12. The case centers on whether Ohio can treat Kalshi\u2019s sports event contracts as unlicensed sports gambling.\u00a0<\/p>\n<p>State authorities had told the company to stop offering those markets in Ohio. Kalshi sued, but a federal district court denied its request for protection in March. The company then appealed.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\"><strong>Selig says Ohio read CFTC power too narrowly<\/strong><\/h2>\n<p>CFTC Chairman Michael S. Selig said the Ohio court took an \u201cimproperly narrow view\u201d of the agency\u2019s authority. He also said the CFTC would not allow \u201coverzealous state governments\u201d to weaken its role over these markets.<\/p>\n<p>Selig was sworn in as the 16th CFTC chairman on Dec. 22, 2025, after President Donald Trump nominated him and the Senate confirmed him. His <a href=\"https:\/\/x.com\/ChairmanSelig\/status\/2054279919623147547?s=20\" target=\"_blank\" rel=\"nofollow\">comments<\/a> show the agency\u2019s current position: event contracts traded on CFTC-regulated exchanges should sit under federal derivatives law, not separate state gambling rules.<\/p>\n<p>Meanwhile, the Ohio filing is part of a wider legal fight over prediction markets. The CFTC said it has already sued Arizona, Connecticut, Illinois, New York and Wisconsin. It also secured court protection against state regulation of CFTC-regulated prediction markets in Arizona.<\/p>\n<p>Recent market updates show the dispute has moved beyond one company. Earlier reports said state actions have <a href=\"https:\/\/crypto.news\/trump-softens-stance-on-prediction-markets-after-earlier-criticism\/\" target=\"_blank\">involved<\/a> Kalshi, Polymarket, Crypto.com, Robinhood and <a href=\"https:\/\/crypto.news\/wisconsin-sues-kalshi-coinbase-polymarket-calls-prediction-markets-illegal-bets\/\" target=\"_blank\">Coinbase<\/a>. Some states argue these products look like betting, especially when they relate to sports outcomes. Platforms and the CFTC say the contracts are federally regulated derivatives.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Wider market stakes<\/strong><\/h2>\n<p>Related crypto.news coverage <a href=\"https:\/\/crypto.news\/prediction-markets-debate-closes-consensus-miami\/\" target=\"_blank\">said<\/a> a Consensus Miami debate framed the issue as a clash between regulated financial contracts and state gambling law. Selig said those cases could reach the Supreme Court, while Kalshi\u2019s sports contracts now account for most of its trading volume.<\/p>\n<p>Separate coverage also noted that Kalshi <a href=\"https:\/\/crypto.news\/kalshi-wins-key-court-ruling-as-u-s-judges-curb-state-power-over-prediction-markets\/\" target=\"_blank\">won<\/a> a key ruling against New Jersey, where a court backed federal oversight of its CFTC-supervised sports contracts. That case gave prediction market operators support, but the Ohio appeal shows the legal fight remains active across several courts.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/crypto.news\/kalshi-gets-cftc-support-in-ohio-sports-market-appeal\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Commodity Futures Trading Commission has backed Kalshi in its appeal against Ohio regulators, asking the U.S. Court of Appeals for the Sixth Circuit to affirm federal oversight of prediction markets.\u00a0 Summary CFTC says Ohio went too far by treating Kalshi\u2019s federally regulated event contracts as sports gambling. The Ohio appeal adds to wider state [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":19811,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[23],"tags":[],"kronos_expire_date":[],"class_list":["post-19896","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"_links":{"self":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/19896","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/comments?post=19896"}],"version-history":[{"count":0,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/19896\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/media\/19811"}],"wp:attachment":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/media?parent=19896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/categories?post=19896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/tags?post=19896"},{"taxonomy":"kronos_expire_date","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/kronos_expire_date?post=19896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}