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New Jersey has requested the Supreme Court to clarify whether states can regulate sports betting on prediction markets like Kalshi. This follows a ruling by the US Court of Appeals for the 3rd Circuit, which determined that such bets are classified as 'swaps' under federal law.
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New Jersey has requested the Supreme Court to clarify whether states can regulate sports betting on prediction markets like Kalshi. This follows a ruling by the US Court of Appeals for the 3rd Circuit, which determined that such bets are classified as 'swaps' under federal law.
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NJ urges SCOTUS to rule that Kalshi sports bets are gambling, not "swaps"
New Jersey Requests Supreme Court Ruling on Kalshi Sports Betting Classification