New Jersey News & Prediction Market Coverage
Track the latest New Jersey news across prediction markets. Prediction News is following 7 active New Jersey stories across regulation, legal action, market moves, and platform developments, each clustered from original reporting and summarized for operators, traders, and regulators.
Latest News
Ninth Circuit rules Kalshi sports contracts are bets, not swaps, in Nevada preemption fight
LegalCFTC warns prediction markets to drop American-style moneyline odds
LegalMichigan regulator quits NCPG over Kalshi partnership
LegalN.J. lawmakers advance 9% prediction market income tax and election betting ban
LegalAlito gives New Jersey until Aug. 4 to seek Supreme Court review of Kalshi ruling
LegalNew Jersey SB 4447 would force prediction markets into sports betting licensing
LegalIllinois enacts first U.S. state tax on sports event contracts
Frequently Asked Questions
What is New Jersey SB 4447?
Senate Bill 4447, introduced June 11, 2026 by Sens. Nicholas Scutari and Paul Sarlo, would require prediction market operators offering sports event contracts to acquire sports wagering licenses and establish a regulatory and taxation framework.
Is Kalshi legal in New Jersey?
A Third Circuit decision upheld an injunction blocking New Jersey's enforcement action against Kalshi's sports event contracts; the state plans to seek U.S. Supreme Court review.
Does New Jersey tax prediction markets?
New Jersey's proposed SB 4447 would impose a regulatory and taxation framework on sports event contracts offered by prediction market platforms.
Why is New Jersey challenging prediction markets?
The state seeks to bring sports event contracts under its existing sports betting licensing regime and has pursued enforcement and litigation to assert jurisdiction over such products.
What is New Jersey's position on CFTC regulation of prediction markets?
New Jersey has joined other states in urging the CFTC to recognize state authority over sports-related event contracts and has litigated against federal preemption claims.