Two judges on the United States Court of Appeals for the Sixth Circuit raised concerns regarding Kalshi’s federal preemption defense during recent oral arguments. The court has not yet issued a ruling on the consolidated cases.
Docket Status and Judicial Review
The public docket confirms that the proceedings were marked as argued rather than decided. Legal representatives presented their positions before the panel, with judicial questioning focused on the scope of federal authority over the company’s trading framework. The procedural update was first noted by iGaming Express.The consolidated-for-submission cases remain under review pending the panel’s final determination. Court records indicate that no further procedural updates have been filed since the hearings concluded.
The legal dispute centers on whether federal oversight supersedes state-level regulations governing Kalshi’s contract structure. The court’s docket continues to list the matters as argued, with the final judgment awaiting release.