Third Circuit blocks New Jersey from stopping Kalshi event contracts
The US Court of Appeals for the Third Circuit ruled that New Jersey cannot prevent Kalshi from offering sports-related event contracts in the state. The 2–1 panel said the contracts fall under the Commodity Futures Trading Commission’s authority; New Jersey is considering seeking a rehearing before the full court.
The ruling prevents New Jersey from blocking Kalshi’s sports-related event contracts, though the state may seek rehearing.