States Ask Supreme Court to Decide If Kalshi Bets Bypass State Sports-Gambling Rules
TL;DR Summary
New Jersey asks the Supreme Court to settle whether sports bets on Kalshi’s federally registered prediction markets can be regulated by states; a circuit split (3rd Circuit vs 9th Circuit) over whether such bets are 'swaps' under Dodd-Frank and fall under CFTC jurisdiction could decide if state sports‑gambling laws apply.
- Supreme Court urged to let states regulate sports bets on prediction markets Ars Technica
- How a coming Supreme Court clash over prediction markets could reshape American betting politico.com
- Kalshi won’t allow betting on Supreme Court case deciding its future The Independent
- Local media blasts SF Giants for unprecedented Kalshi ad SFGATE
- New Jersey asks Supreme Court to resolve fight over Kalshi's future NPR
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