As I understand it, each state has a certain federal appeals court that it belongs to - and these federal appeals courts are numbered. The 9th circuit is the highest appeals court responsible for all federal suits coming from Alaska, Arizona, California, Hawaii, Idaho, Montana, Nevada, Oregon and Washington. They are higher than any other court in those states in matters of federal law (state law is separate), with only the (federal) Supreme Court being above them - but the Supreme Court is not a regular court, they have discretion on what suits to hear (whereas the appeals courts have to hear any suit that gets lawfully appealed in their jurisdiction).
Other appeals courts have jurisdiction over other areas of the country - and there is no question of level between them, as they have completely separate jurisdictions.
It's important also that every circuit court is beholden to its own precedent, and every court below them is beholden to the precedent set by their appeals court. But courts in other areas of the country are not - it's perfectly legal (though not extremely common) for one appeals court to decide one way and another to decide a different way on the same matter of Federal law. Unless the SC intervenes, the appeals court of your particular jurisdiction is the ultimate authority on how that federal law is to be interpreted in your jurisdiction.
So, the fact that the 9th circuit decided that Kalshi is a gambling site and not a commodity futures trading platform means that they have to be treated this way by all federal and state agencies in California, Arizona, etc; but they could still be recognized as falling under CFTC rules in Texas or New York, as the 9th circuit decision is not applicable in those jurisdictions.