- In the latest development of the ongoing legal battle between states and prediction market platforms, California AG Rob Bonta has joined a coalition of 37 AGs filing an amicus brief supporting Ohio gaming laws in KalshiEx LLC v. Schuler et al, which is pending in the U.S. Court of Appeals for the Sixth Circuit.
- The amicus brief is in support of Ohio’s right to enforce its state gaming laws against Kalshi and other prediction marketing companies. Kalshi is currently appealing a federal court decision denying the company’s request for a preliminary injunction against California.
- The coalition argues that states have the authority to regulate gaming activities within their own borders and warns that allowing federally regulated prediction markets to operate without state oversight could undermine established gaming frameworks.
- As discussed in previous articles, AGs across the country have increasingly coordinated legal and regulatory actions against prediction markets. This filing marks the seventh time California has joined nationwide multistate amicus efforts targeting Kalshi and other prediction market companies.