Kalshi Wins Appeal in New Jersey Over Sports-Related Market, Supreme Court Decision May Be Next

On the 6th, Kalshi, a major player in the prediction markets, secured a favorable ruling in an appellate court against the State of New Jersey regarding contracts for sports events. The panel of judges from the Third Circuit Court of Appeals ruled 2-1 that New Jersey's gambling regulators cannot block Kalshi from offering sports-related contracts. The case originated last year when Kalshi and several state authorities...