Federal Preemption Prevails

27%its chance, of the story’s futures

+0.1%on the S&P 500, if it happens

Courts extend the April 2026 Kalshi ruling and hold that Ohio cannot use gambling licenses to block federally regulated event contracts. This would strengthen CFTC-supervised prediction markets and weaken state-by-state gambling control over similar products.

What it moves

Finance+0.3%
Technology+0.2%
Consumer Services−0.1%

Sectors in percent; other series by direction only.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

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