State attorneys general urge Third Circuit to back New Jersey in Kalshi case
A coalition of nearly three dozen state attorneys general urged the US Court of Appeals for the Third Circuit to support New Jersey in its dispute with Kalshi over prediction markets. The amicus brief asks the court to overturn a ruling on their legality in New Jersey; Kalshi chief executive Tarek Mansour supports federal-level regulation through the Commodity Futures Trading Commission.
The court’s decision could affect whether New Jersey can regulate sports-related event contracts offered by Kalshi.