New Jersey asks Supreme Court to resolve fight over Kalshi's future
If the high court accepts the petition, it would tee up a case with sweeping implications for prediction markets, an industry that has unleashed billions of dollars of betting across nearly every aspect of modern life.
The Supreme Court cautioned Bar Council of India Chairman Manan Kumar Mishra that he holds only a pro tempore position and is not a democratically elected officeholder. This distinction was emphasized by a three-judge bench led by Chief Justice Surya Kant, as they considered challenges to Mishra's extended tenure. The court affirmed that Mishra's duties are confined to overseeing the BCI's day-to-day operations until a new Council is formed.
The bench suggested that the Attorney General and Solicitor General, who are permanently ex-officio members of the BCI, should participate in significant policy decisions. The observations clarified the difference between Mishra's interim role and the powers of a democratically elected BCI Chairman.
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- Manan Mishra only pro tem BCI Chairperson until Bar body elects new office-bearers: Supreme Court indianexpress.com
- 'You’re Only Pro Tem, Not Democratically Elected': Supreme Court To BCI Chairman Manan Kumar Mishra freepressjournal.in
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- Manan Kumar Mishra only pro tem BCI chairman till fresh election: SC timesofindia.indiatimes.com
- New Jersey asks US Supreme Court to assess power to regulate sports bets on Kalshi channelnewsasia.com
