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Thirty-nine states and DC ask Supreme Court to review Kalshi sports contracts

Regulation

Thirty-nine US states and the District of Columbia filed a brief supporting New Jersey’s request for the Supreme Court to review its dispute with Kalshi over sports-event contracts. The brief challenges whether federal oversight under the Commodity Exchange Act displaces state sports-betting laws; the request is not a final ruling on Kalshi’s activity.

The court’s handling of the dispute could affect how state gambling laws apply to prediction-market sports contracts.

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Regulation

Ohio seeks Supreme Court review of US sports prediction market jurisdiction

Ohio has asked the US Supreme Court to hear a dispute over authority to regulate sports prediction markets. A bipartisan coalition of 39 states supports the request. Ohio argues states should oversee these products, while operators including Kalshi and Polymarket say they offer swaps under Commodity Futures Trading Commission supervision.

Ohio has asked the US Supreme Court to hear a dispute over whether sports-related prediction markets fall under state gambling law or federal oversight of swaps, according to a filing by the state. Ohio is leading a bipartisan coalition of 39 states in the request. The Supreme Court is not required to take the case, and it is not yet known whether the justices will agree to hear it.

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