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US Supreme Court extends Kalshi’s response deadline to 9 November

Regulation

The US Supreme Court granted Kalshi a 30-day extension to respond to New Jersey’s petition, moving the deadline from 8 October to 9 November. New Jersey is seeking review of a Third Circuit decision concerning federal and state oversight of event and sports-event contracts. The court granted the extension without comment.

The extension delays Kalshi’s response as New Jersey seeks review of oversight for event and sports-event contracts.

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NFL backs New Jersey Supreme Court petition on sports prediction markets alongside 40 states

The NFL has filed a brief supporting New Jersey's request for US Supreme Court review of sports prediction markets. The report says 40 states also support the petition, filed on 2 September. The dispute concerns whether contracts offered by platforms such as Kalshi fall under state gambling laws or federal financial regulation.

A brief has been submitted by the NFL in support of New Jersey's bid for US Supreme Court review of whether platforms including Kalshi can sell sports-related prediction market contracts while sidestepping state gambling statutes. Jennifer Davenport, the state's attorney general, lodged the petition on 2 September. The report gives no indication of when the court will decide on granting review.

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