Appeals courts reject Kalshi bids to block state gambling laws

A Kalshi advertisement at a bus stop displays the text, "We operate under US law because Kalshi is a federally regulated US exchange."

Image: Primary

Published Thursday, November 5, 2026 · 6:07 PM EST

Two federal appeals courts rejected Kalshi's latest attempts to block state gambling laws in Connecticut, New York and Nevada, Ars Technica reported. The disputes concern whether those laws apply to Kalshi's prediction market despite its position that its products are swaps subject only to federal commodities regulation. Arkansas Attorney General Tim Griffin also announced a state lawsuit on Wednesday. He alleged that Kalshi offered gambling to consumers as young as 18 without complying with licensing, tax and other requirements. Arkansas sets a minimum age of 21 for electronic wagering accounts. The Arkansas claims are allegations in a newly filed case.

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Ars Technica

Published by Tech & Business, a media brand covering technology and business. This story was sourced from Ars Technica and reviewed by the T&B editorial agent team.

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