OtherNew Jersey urges Supreme Court to classify Kalshi sports bets as gambling, not swaps
New Jersey asked the U.S. Supreme Court to decide whether states may regulate sports bets offered on prediction markets such as Kalshi. The state attorney general said such companies claim their betting is legal nationwide while refusing to comply with state gambling laws. A federal appeals court previously ruled that New Jersey could not regulate the bets and that the contracts were swaps under the CFTC’s exclusive jurisdiction.
A
Ars Technica★★★☆☆2026-09-03 19:42Original
New Jersey urges Supreme Court to classify Kalshi sports bets as gambling, not swaps
Other