Kalshi Sports Contracts Aren't Financial Swaps, 6th Circ. Says

By Bonnie Eslinger · September 25, 2026, 10:05 PM EDT

In a closely watched decision that exacerbates an existing circuit split, a Sixth Circuit panel on Friday rejected Kalshi's assertion that the sports-related transactions made on its platform should be considered...

To view the full article, register now.

Documents

Case Information

Case Title

KalshiEX LLC v. Matthew Schuler, et al

Case Number

26-3196

Court

Appellate - 6th Circuit

Nature of Suit

3950 Constitutional - State Statute

Date Filed

March 11, 2026


Case Title

KalshiEX LLC v. William Orgel, et al

Case Number

26-5235

Court

Appellate - 6th Circuit

Nature of Suit

3950 Constitutional - State Statute

Date Filed

March 23, 2026