New Jersey asks Supreme Court to review sports prediction contracts’ exemption from state laws
By SectorWire desk ·
Summary
New Jersey has petitioned the US Supreme Court over whether sports prediction contracts are exempt from state gambling laws. The state challenges an appellate ruling that prevented its gaming authorities from blocking Kalshi’s sports contracts. The Supreme Court has yet to decide whether to hear the case.
Why it matters
The petition challenges a ruling that prevents New Jersey gaming authorities from blocking Kalshi’s sports contracts.