Kalshi Scores Major Appeals Court Win Over New Jersey
Share:
U.S. Court of Appeals (Third Circuit) ruled 2-1 that the CFTC has exclusive jurisdiction over Kalshi's sports event contracts, blocking New Jersey from enforcing state gambling laws on the platform. Ruling strengthens federal regulatory clarity for prediction markets, bolstering adoption and legal standing for crypto-linked prediction platforms and reinforcing CFTC oversight nationwide.
Predictions Markets
See what traders are focused on
- The Third Circuit ruled 2-1 in Kalshi’s favor against New Jersey.
- The court held that the CFTC has exclusive jurisdiction over Kalshi’s sports-related event contracts.
- Decision strengthens prediction markets’ federal regulatory argument nationwide.
Kalshi secured a major legal victory after a U.S. appeals court ruled that New Jersey cannot regulate its event contracts. The decision strengthens the platform’s federal case and reinforces the Commodity Futures Trading Commission’s authority.
The ruling also marks a key moment in the broader legal battle between prediction markets and state gaming regulators.
Court Backs Kalshi’s Federal Argument
The U.S. Court of Appeals for the Third Circuit ruled 2-1 in Kalshi’s favor, blocking New Jersey from enforcing state gambling laws on the platform’s sports-related event contracts.
Judge David Port…
Read The Full Article Kalshi Scores Major Appeals Court Win Over New Jersey On Coin Edition.
Read More
3 Trump Moves That Shook Markets This Week
