Supreme Court petitions pending on prediction market preemption
Petitions are pending at the US Supreme Court seeking review of prediction-market regulation, though the Court has not yet granted certiorari. The filings touch federal oversight of event-contract platforms. Crypto.com and Robinhood, which have expanded into prediction markets, are named in the coverage. No response deadlines or argument dates have been set; the cases remain at the cert-stage petition pool as of late September 2026.
The cert-stage petitions from New Jersey, Robinhood, and Crypto.com are the only near-term path to uniform federal rules for CFTC-registered platforms. Kalshi has already lost preemption fights in three states; each circuit loss becomes precedent the next state copies. Without a Supreme Court grant, operators face a state-by-state siege that fragments national markets and multiplies legal spend.
Traders hold positions whose legality shifts with state borders. The first operator to lose outright becomes the template every state attorney general races to replicate. A grant would centralize the fight; a denial leaves platforms choosing between costly geofences and mounting parallel defenses.
The high-court petitions from New Jersey, Robinhood, and Crypto.com join a growing stack of cases pressing the preemption question that Kalshi has already lost in Nevada, Ohio, and Tennessee.