US lawmakers from gaming states urge SCOTUS to take up Kalshi case
The case between New Jersey authorities and a prediction market company, if accepted by the Supreme Court, could result in clarity for state and federal officials over sports bets.
A coalition of US state lawmakers has urged the Supreme Court to review a legal dispute between prediction markets platform Kalshi and New Jersey authorities. The National Council of Legislators from Gaming States (NCLGS) submitted an amicus brief to the US Supreme Court, backing New Jersey's Attorney General and gaming regulators in their petition for a writ of certiorari.
The petition, filed on September 2, seeks clarification on whether state or federal agencies hold jurisdiction over prediction market companies. The NCLGS argued that a ruling in favor of Kalshi would leave states "powerless" to regulate sports betting on prediction markets, causing "substantial harm and confusion." The group maintained that "gaming-related matters" should be overseen by individual US states, though the filing did not directly address the counterargument that event contracts traded on federally regulated markets may fall under the CFTC's exclusive jurisdiction.
The Supreme Court has not yet responded to the request, with Kalshi having until November 9 to submit its position.
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