A US Court of Appeals issued a ruling supporting Kalshi's efforts to offer sports-related prediction markets in New Jersey, according to the report. The available article text provides no further details about the ruling.
The reported ruling bears on Kalshi's ability to offer sports-related prediction markets in New Jersey.
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Former New Jersey Governor Chris Christie said the dispute between states and federal authorities over sports-related prediction-market contracts is likely to reach the US Supreme Court. Christie, a strategic adviser to the American Gaming Association, claimed states had won 85% of related cases; Kalshi’s head of enforcement said the split was closer to 50-50. CFTC Chairman Michael Selig defended the agency’s federal authority.
New Jersey officials told a court they intend to seek US Supreme Court review of the Third Circuit’s decision in Kalshi’s case, according to a joint status report. The filing asked the court to pause further proceedings while the Supreme Court considers the matter. The appeals court ruled 2-1 that Kalshi was likely to succeed, finding federal law pre-empted state gambling rules.
Coinbase legal executive Ryan VanGrack said a lawsuit by Wisconsin Attorney General Josh Kaul against prediction-market companies could reach the US Supreme Court. Kaul alleges the platforms offer unregulated sports betting, while VanGrack says federal regulation by the Commodity Futures Trading Commission applies; the CFTC has separately challenged Wisconsin’s authority in court.
The US 10th Circuit Court of Appeals denied Kalshi's emergency motion for an injunction pending appeal in Utah. The ruling permits Utah to enforce its gambling laws against the company.
It was reported that a New Jersey appeals court rejected a gambler’s attempt to reverse voluntary lifetime casino self-exclusion. The court regarded restrictions at out-of-state sister properties as an indirect consequence; the gambler’s lawyer warned the outcome could discourage enrolment.