New Jersey petitions Supreme Court in regulatory fight against Kalshi
New Jersey has petitioned the United States Supreme Court for a writ of certiorari in its long-running regulatory fight against Kalshi. The petition asks the court to review the case. No further details on the state's specific arguments or the lower court rulings under review were provided in the available text.
A Supreme Court grant of certiorari would put Kalshi's regulatory status before the nation's highest court, with potential precedent-setting effects for how states can challenge CFTC-regulated prediction market platforms.
Brings to four the states that have formally moved against Kalshi — Nevada, Connecticut, Michigan, and now New Jersey's Supreme Court petition — as attorneys general test whether CFTC registration still shields sports event contracts from state gambling law.