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Sixth Circuit Lets States Regulate Kalshi Sports Event Contracts

The Sixth Circuit ruled that Ohio and Tennessee may apply state gambling laws to Kalshi sports event contracts because Kalshi had not shown the contracts qualify as swaps under CFTC exclusive jurisdiction. The decision fragments prediction-market compliance across federal derivatives law and state gaming regimes.

High impact🇺🇸 United StatesRegulationExchangeKalshiCFTCOhioTennessee

APAC FINSTAB analysis

Although this is outside core APAC, it is relevant because global market-structure, enforcement, and stablecoin precedents often shape licensing expectations for APAC exchanges, issuers, custodians, and DeFi teams. Named institutions or platforms: Kalshi, CFTC, Ohio, Tennessee. Teams should monitor the original source, map the change to licensing, custody, disclosure, and market-access obligations, and update their jurisdiction playbooks before the next compliance review.

Compliance read-through: map this event to entity licensing, market-access, custody, disclosure, token listing, and operational-risk obligations before expanding or marketing in the affected jurisdiction.

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CPC Decision Targets Crypto-Enabled Corruption And Cross-Border Asset Recovery

A CPC Central Committee decision published by Xinhua calls for resolute action against corruption involving the internet, virtual currencies, cross-border funds, and blockchain, alongside stronger cross-border casework and asset recovery. The policy signal increases expectations for transaction tracing, beneficial-owner checks, and cooperation with enforcement requests at digital-asset intermediaries.

High impact🇨🇳 ChinaRegulationAMLEnforcement
APAC FINSTAB analysis → Original source ↗