The Sixth Circuit Court of Appeals on Monday handed Tennessee a victory in the lawsuit brought by Kalshi, the prediction market company that sued the Volunteer State earlier this year, claiming the Tennessee Sports Wagering Council (TSWC) does not have the authority to regulate its predictions.
“This is a great win for Tennessee,” stated Tennessee Attorney General Jonathan Skrmetti. “Kalshi attempted an end run around Tennessee law to avoid any of the rules or taxes associated with sports gambling. They failed.”
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