"Because Kalshi’s sports-related event contracts are traded on a [Commodity Futures Trading Commission-licensed designated contract market] and depend on event outcomes associated with economic ...
The U.S. Court of Appeals for the Third Circuit is the first circuit court to address whether the Commodity Exchange Act (CEA) preempts state gambling laws as applied to sports-related event contracts ...
The ANPRM explains that interest in offering event contracts has increased dramatically in recent years, from an average of five listings per year between 2006 and 2020 to roughly 1,600 in 2025.
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