Ohio judge rules that Kalshi is sports betting and must adhere to state law [MSNBC.com]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: MSNBC.com
An Ohio federal judge on Monday said she's obligated to "avoid absurdity" and ruled that Kalshi's prediction markets in sports amount to acts of gambling — which should come under state regulations.Kalshi, a -based predictive market where users can put money down to receive payouts on everything from athletics to politics and world events, had asked the court for an injunction against the Ohio Casino Control Commission. The regulatory body wants to stop Kalshi from operating as an "unlicensed sportsbook" that is "facilitating bookmaking" in the Buckeye State.Kalshi said its sports offerings should be treated as federallyregulated swaps,U.S. District Court Judge Sarah Morrison disagreedSwaps are "understood as a transaction involving financial instruments and measures that traditionally and directly affect commodity prices," she wrote."Currency exchange rates, the weather and energy costs all do that: the number of points cored in the Huskies-Bobcats game does not," Morrison added."T
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News
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- DraftKings (DKNG) had its "buy" rating reaffirmed by Citigroup Inc..MarketBeat
- Gamblers Have One Year From Today Before The 90% Cap Hits Home [Yahoo! Finance]Yahoo! Finance
DKNG
Earnings
- 2/12/26 - Beat
DKNG
Sec Filings
- 4/2/26 - Form 4
- 3/26/26 - Form SCHEDULE
- 3/26/26 - Form ARS
- DKNG's page on the SEC website