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Operator v. state

KalshiEX LLC v. Schuler

U.S. District Court for the Southern District of Ohio, 2:25-cv-01165

Injunction denied

Chief Judge Sarah D. Morrison denied a preliminary injunction on March 9, 2026 and the case is stayed pending appeal. The Sixth Circuit affirmed on Sept. 25, 2026, and Kalshi petitioned for rehearing en banc on Oct. 9, 2026.

The question

Whether the Commodity Exchange Act preempts Ohio gambling or sports-wagering law as applied to event contracts listed on a CFTC-designated contract market.

Kalshi sued Ohio regulators after state action against its sports contracts. The district court refused preliminary relief, and the Sixth Circuit affirmed.

Open question

Resolved

  1. Will a Sixth Circuit panel side with Kalshi against Ohio and Tennessee?

    The panel affirmed the denial of Kalshi's injunction in Ohio and vacated Kalshi's injunction in Tennessee and remanded. Kalshi has asked for rehearing. Sixth Circuit Nos. 26-3196 and 26-5235. Source: Opinion

    No

Docket timeline

  1. Sixth Circuit affirms the denial.

    Source: law.justia.com

  2. Case stayed on joint motion; parties to file a status report within 7 days of the Sixth Circuit mandate.

    Source: dockets.justia.com

  3. Court denies Kalshi's motion for an injunction pending appeal.

    Source: dockets.justia.com

  4. Kalshi notices appeal (March 10, 2026); Sixth Circuit assigns No. 26-3196.

    Source: dockets.justia.com

  5. Chief Judge Sarah D. Morrison denies Kalshi's preliminary-injunction motion (ECF 69).

    Source: dockets.justia.com

  6. Complaint filed.

    Source: dockets.justia.com

Sources

  1. Justia Dockets search listing: party KalshiEX (p. 7)
  2. Justia: KalshiEX v. Schuler, No. 26-3196 (6th Cir. 2026-09-25)
  3. DeFi Rate prediction market lawsuit tracker (updated 2026-10-20)
  4. Justia Dockets search listing: party KalshiEX (p. 4)
  5. Action Network: tracking prediction market lawsuits
  6. Justia docket: KalshiEX v. Schuler, S.D. Ohio 2:25-cv-01165
  7. Kalshi petition for rehearing en banc (Oct. 9, 2026)

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