New Jersey requests Supreme Court ruling on state regulation of sports betting on prediction markets

<p>New Jersey filed a request with the Supreme Court to determine if states have the authority to regulate sports betting on prediction markets, including Kalshi.</p><p>New Jersey Attorney General Jennifer Davenport stated in a press release that, "Companies like Kalshi claim to offer legal sports betting in all 50 states, but they refuse to follow the gambling laws of any state."</p><p>In April, the US Court of Appeals for the 3rd Circuit ruled that New Jersey lacks the authority to regulate sports bets on prediction markets. The court concluded that contracts related to sports events qualify as "swaps," which grants exclusive jurisdiction to the US Commodity Futures Trading Commission (CFTC).</p><p><a href="https://arstechnica.com/tech-policy/2026/09/nj-urges-scotus-to-rule-that-kalshi-sports-bets-are-gambling-not-swaps/">Read full article</a></p><p><a href="https://arstechnica.com/tech-policy/2026/09/nj-urges-scotus-to-rule-that-kalshi-sports-bets-are-gambling-not-swaps/#comments">Comments</a></p>