New Jersey Asks Supreme Court to Settle Kalshi Sports Betting Fight
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New Jersey Attorney General Jennifer Davenport petitioned the U.S. Supreme Court to resolve a dispute over whether prediction markets like Kalshi can offer sports wagers without adhering to state gambling laws. The state argues that conflicting federal appeals court rulings on the matter have created a circuit split, with the 3rd Circuit ruling in favor of Kalshi and the 9th Circuit reaching the opposite conclusion. New Jersey contends that Kalshi's interpretation of federal law could effectively federalize the multibillion-dollar sports-betting industry and displace state gambling laws nationwide.
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New Jersey authorities on Wednesday asked the U.S. Supreme Court to re...
New Jersey attorney general wants to bring prediction market Kalshi to...
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New Jersey is asking the Supreme Court to settle the prediction market...
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