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New Jersey seeks more time for Supreme Court challenge in Kalshi case

Regulation

New Jersey Solicitor General Jeremy Feigenbaum asked the US Supreme Court on 26 June for more time to file a petition challenging a ruling that blocked the state from enforcing its sports betting laws against Kalshi. He said pending decisions in other courts could clarify whether there is a split on the issue. The Third Circuit had ruled that the Commodity Futures Trading Commission has exclusive jurisdiction over Kalshi’s sports event contracts.

The challenge could affect whether states can apply sports betting laws to prediction-market contracts.

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Regulation

Coinbase legal executive says Wisconsin prediction-market case may reach Supreme Court

Coinbase legal executive Ryan VanGrack said a lawsuit by Wisconsin Attorney General Josh Kaul against prediction-market companies could reach the US Supreme Court. Kaul alleges the platforms offer unregulated sports betting, while VanGrack says federal regulation by the Commodity Futures Trading Commission applies; the CFTC has separately challenged Wisconsin’s authority in court.

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