By SectorWire desk · · Updated
Representatives of Native American tribes and 39 state attorneys general have urged the US Supreme Court to resolve a prediction-market dispute. Their calls centre on New Jersey’s appeal involving Kalshi, amid conflicting state rulings.
Conflicting state rulings underpin calls for Supreme Court intervention in New Jersey’s prediction-market appeal involving Kalshi.
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Ohio’s request puts disputed state and federal authority over sports prediction market operators before the Supreme Court.
The case could determine whether prediction markets must meet state gambling requirements when competing with licensed sportsbooks.
The NFL seeks gambling classification for prediction-market apps, citing sporting integrity concerns, unclear rules and limited sports wagering oversight.
The case and lawsuit could affect how sports event contracts operate and how Florida’s gaming compact applies to DraftKings’ platform.
The case could affect whether states can regulate sports prediction markets and the safeguards operators face.
The Ninth Circuit upheld Nevada’s enforcement against Kalshi, rejecting federal financial regulation as protection from state gambling laws.