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regeln gäller i den situation domen avser.","Inga rekvisit ur lexikonet kunde knytas till regeln."]},{"decision_id":"decision:us:ca6-26-5235-2026-09-25#2","precedent_id":"precedent:us:ca6-26-5235-2026-09-25#2","paragraph_id":"para_417","outcome":"holding","then":"We hold that the States’ gambling laws are neither expressly nor impliedly preempted.","conditions":[],"exceptions":[],"elements":[],"open":["Inga uttryckliga villkor i rättsregeln; regeln gäller i den situation domen avser.","Inga rekvisit ur lexikonet kunde knytas till regeln."]},{"decision_id":"decision:us:ca6-26-5235-2026-09-25#3","precedent_id":"precedent:us:ca6-26-5235-2026-09-25#3","paragraph_id":"para_505","outcome":"holding","then":"While we agree with Kalshi that its sports-event contracts are conditioned on the occurrence of “event[s],” we conclude that Kalshi’s contracts do not depend on events that are “associated with a potential financial, economic, or commercial consequence” within the meaning of the statute.","conditions":[],"exceptions":[],"elements":[],"open":["Inga uttryckliga villkor i rättsregeln; regeln gäller i den situation domen avser.","Inga rekvisit ur lexikonet kunde knytas till regeln."]},{"decision_id":"decision:us:ca6-26-5235-2026-09-25#4","precedent_id":"precedent:us:ca6-26-5235-2026-09-25#4","paragraph_id":"para_513","outcome":"requires","then":"Specifically, we hold that for an “event” to be “associated with a potential financial, economic, or commercial consequence,” the event must be intrinsically associated with a financial consequence such that we can reasonably understand why hedging financial risk or ascertaining pricing information for the occurrence of that event would be desired and beneficial (e.","conditions":[],"exceptions":[],"elements":[],"open":["Inga uttryckliga villkor i rättsregeln; regeln gäller i den situation domen avser.","Inga rekvisit ur lexikonet kunde knytas till regeln."]},{"decision_id":"decision:us:ca6-26-5235-2026-09-25#5","precedent_id":"precedent:us:ca6-26-5235-2026-09-25#5","paragraph_id":"para_517","outcome":"holding","then":"Based on this reading, we hold that Kalshi’s sports-event contracts are not swaps under the CEA.","conditions":[],"exceptions":[],"elements":[],"open":["Inga uttryckliga villkor i rättsregeln; regeln gäller i den situation domen avser.","Inga rekvisit ur lexikonet kunde knytas till regeln."]},{"decision_id":"decision:us:ca6-26-5235-2026-09-25#6","precedent_id":"precedent:us:ca6-26-5235-2026-09-25#6","paragraph_id":"para_630","outcome":"holding","then":"We conclude that “associated with” is best read as requiring that the event be one inherently associated with a “financial, economic, or commercial consequence.","conditions":[],"exceptions":[],"elements":[],"open":["Inga uttryckliga villkor i rättsregeln; regeln gäller i den situation domen avser.","Inga rekvisit ur lexikonet kunde knytas till regeln."]},{"decision_id":"decision:us:ca6-26-5235-2026-09-25#7","precedent_id":"precedent:us:ca6-26-5235-2026-09-25#7","paragraph_id":"para_128","outcome":"mixed","dispositions":["affirmed","vacated","remanded"],"then":"Thus, we affirm the Southern District of Ohio’s denial of a preliminary injunction, vacate the Middle District of Tennessee’s entry of a preliminary injunction, and remand for further proceedings consistent with this opinion.","conditions":[],"exceptions":[],"elements":[],"open":["Inga uttryckliga villkor i rättsregeln; 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