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Court rules HISA's fee method unlawful in favor of Churchill Downs, citing overreach.

Market News
01 Apr 2026
GlobeNewsWire
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Bullish
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The U.S. District Court for the Western District of Kentucky ruled that the Horseracing Integrity and Safety Authority (HISA) acted arbitrarily and unlawfully in its purse-weighted fee methodology. This decision favors Churchill Downs Incorporated, which challenged HISA's fee collection approach as exceeding its authority. The ruling highlights concerns over HISA's fiscal management and supports Churchill Downs' stance on regulatory overreach. The company views this as a positive step toward focusing on equine health and safety without unnecessary financial burdens imposed by HISA.

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