The Commodity Futures Trading Commission (CFTC) has filed an amicus brief in support of Kalshi's appeal against Ohio's jurisdiction over prediction markets. The CFTC argues that Ohio's actions constitute jurisdictional overreach.
Kalshi is engaged in a legal dispute with Ohio regarding its prediction market operations. The CFTC has urged the Sixth Circuit Court of Appeals to affirm its jurisdiction over such markets, following Ohio's directive to cease offering sports event contracts, which the state labeled as unlicensed gambling. Kalshi initially sued Ohio authorities in October, but a federal court denied its request for intervention in March, prompting the current appeal.