Regulation· ★★★★· neutral·

39 States Ask Supreme Court to Review Kalshi Sports Betting Dispute

  • —39 states and D.C. backed New Jersey's petition, docketed as No. 26-299
  • —Third Circuit sided with Kalshi; Ninth and Sixth Circuits ruled against it
  • —CFTC has sued Arizona, New York, Illinois and six other states over enforcement
  • —44 states opposed the CFTC's proposed prediction-market rulemaking
Why it matters: The outcome will decide whether states can regulate prediction-market sports contracts or whether federal CFTC rules preempt state gambling laws.
Source: The Crypto Times
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