KalshiEX LLC v. Schuler (6th Cir., consolidated with the Tennessee appeal)

Argued; decision pending6th Cir.Kalshi v. State

Last updated August 16, 2026. Snapshot — not legal advice.

Overview

A circuit split inside a single circuit. In Tennessee, Judge Aleta Trauger (M.D. Tenn.) granted Kalshi a preliminary injunction (February 2026), finding its sports event contracts likely "swaps." In Ohio, Chief Judge Sarah Morrison (S.D. Ohio) reached the opposite result and denied Kalshi relief, and the Sixth Circuit declined to stay Ohio enforcement while fast-tracking the appeal. The Sixth Circuit consolidated the two matters for argument (late July 2026); the decision is pending and could shape the national preemption question.

Timeline

January 2026

Kalshi sues Tennessee officials (M.D. Tenn.); Judge Trauger grants a TRO within days.

February 2026

Judge Trauger grants Kalshi a preliminary injunction in Tennessee.

March 2026

S.D. Ohio (Chief Judge Morrison) denies Kalshi a preliminary injunction, creating the intra-circuit split.

April 2026

Sixth Circuit denies a stay of Ohio enforcement but expedites the appeal (No. 26-3196).

July 2026

Consolidated Ohio/Tennessee appeals argued at the Sixth Circuit.

What's next: Awaiting the Sixth Circuit’s decision.

Parties

Plaintiffs

  • KalshiEX LLC

Defendants

  • Matthew Schuler (Executive Director, Ohio Casino Control Commission)
  • Jonathan Skrmetti (Tennessee Attorney General)
  • Tennessee Sports Wagering Council
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