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Third Circuit limits New Jersey enforcement over Kalshi contracts

Regulation

The US Court of Appeals for the Third Circuit ruled 2-1 that New Jersey regulators cannot enforce state gambling rules against Kalshi’s sports-linked contracts, according to the report. New Jersey Attorney General Jennifer Davenport said the state disagreed and was reviewing its options; the dispute began with a 2025 order to halt Kalshi’s operations.

The ruling affects whether New Jersey can apply its gambling rules to Kalshi’s sports-linked contracts.

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Regulation

Ninth Circuit backs California tribes’ claims against Kalshi event contracts

The US Court of Appeals for the Ninth Circuit ruled 3-0 for the Blue Lake Rancheria and Chicken Ranch Rancheria of the Me-Wuk Indians in part of their case against Kalshi and Robinhood. The panel found the tribes likely to succeed in arguing that Kalshi’s sports-event contracts on tribal lands violated the Indian Gaming Regulatory Act and tribal gaming ordinances, and sent the case back to the lower court to review remaining claims. The ruling did not order Kalshi to stop offering contracts in California.

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