New Jersey asks Supreme Court to settle Kalshi sports betting fight
New Jersey is taking its fight with Kalshi to the US Supreme Court, asking the justices to decide whether federally regulated prediction markets must also follow state sports betting rules. The state has petitioned for review after a divided Third Circuit prevented New Jersey from enforcing its wagering laws against KalshiEX LLC. At issue is whether Dodd-Frank blocks states from regulating sports contracts offered through Commodity Futures Trading Commission-regulated markets. “For more than a century, the States have been the primary regulators of gambling in this country,” New Jersey said in its petition. It also cited the Supreme Court’s 2018 Murphy v. NCAA ruling, where the justices said “each State is free to act on its own” when regulating sports betting. Here we go. New Jersey Attorney General Jennifer Davenport and New Jersey Interim Director of the Division of Gaming Enforcement Mary Jo Flaherty today filed a petition for writ of certiorari with the Supreme Court to hear prediction market sports event contract argument. pic.twitter.com/faQTbaRyth — RLinnehanSR (@RLinnehanSR) September 2, 2026 Kalshi added sports event …









