金色财经|Sep 02, 2026 20:26
[New Jersey Officials Petition U.S. Supreme Court to Hear Kalshi Sports Event Contract Case]
According to a report by Jinse Finance, on September 3, New Jersey Attorney General Jennifer Davenport and Acting Director of the Division of Gaming Enforcement Mary Jo Flaherty submitted a writ of certiorari to the U.S. Supreme Court, requesting a review of the state's enforcement actions against prediction market platform Kalshi for offering sports event contracts.
The petition references civil cases initiated by at least 20 state gaming regulatory agencies, asking the Supreme Court to determine whether prediction market companies, while complying with U.S. Commodity Futures Trading Commission (CFTC) regulations, may still violate state laws. The petition also raises the question of whether the Dodd-Frank Act precludes state governments from regulating sports betting within their jurisdictions.
The petition challenges a 2-1 decision made by the U.S. Third Circuit Court of Appeals in April. Kalshi spokesperson Dani Lever stated that the company disagrees with New Jersey's appeal to the Supreme Court, arguing that Kalshi cannot operate under the oversight of 50 separate regulatory agencies. The company remains confident in the lower court's ruling.
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