← Back to news
September 2, 2026
New Jersey Appeals to Supreme Court to Resolve Kalshi's Regulatory Future
- New Jersey's attorney general has petitioned the Supreme Court to determine who regulates prediction markets like Kalshi: federal or state authorities.
- The case follows conflicting rulings from the Third and Ninth Circuits regarding the regulation of prediction markets as sports betting.
- Kalshi argues that federal regulations should apply to its operations, while New Jersey asserts that state laws must be upheld.
- If the Supreme Court accepts the case, oral arguments could take place this fall, with a decision expected by next summer.
Read the news this way every day.
Concur organizes political reporting into clear stories and shows the sources behind each one.
Free. No ads.
4 Sources
- First challenge to prediction markets reaches Supreme CourtSep 2, 2026 at 4:14 PM · CNN
- New Jersey asks US Supreme Court to assess power to regulate sports bets on KalshiSep 2, 2026 at 4:17 PM · Reuters
- New Jersey asks Supreme Court to review prediction market disputeSep 2, 2026 at 5:00 PM · The Hill
- New Jersey asks Supreme Court to resolve fight over Kalshi's futureSep 2, 2026 at 6:17 PM · NPR