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Policy
Federal Appeals Court Rules in Favor of Kalshi, Blocking New Jersey's Attempt to Shut Down Sports Markets
A federal appeals court has delivered a significant victory to prediction market provider Kalshi, ruling that New Jersey cannot temporarily ban the platform. The Third Circuit Court of Appeals panel, in a 2-1 decision, found that Kalshi's products fall under the federal Commodity Exchange Act, rather than being subject to New Jersey state gambling laws. The ruling stated that Kalshi had self-cert…
April 6, 2026, 4:10 p.m.
Policy
US Appeals Court Halts New Jersey's Bid to Shut Down Kalshi's Sports Betting Operations
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April 6, 2026, 4:10 p.m.
Policy
Federal Appeals Court Rules in Favor of Kalshi, Blocking New Jersey's Attempt to Shut Down Sports Markets
A significant decision was made by a federal appeals court on Monday, as it ruled that the state of New Jersey is not allowed to temporarily ban the operations of Kalshi, a company that provides prediction markets. This ruling is seen as a major victory for Kalshi, which has been facing numerous enforcement actions from various states. The Third Circuit Court of Appeals made this decision with a …
April 6, 2026, 4:10 p.m.
Policy
Federal Appeals Court Halts New Jersey's Bid to Shut Down Kalshi's Sports Betting Markets
A federal appeals court has delivered a significant victory to Kalshi, a prediction market provider, by ruling that New Jersey cannot temporarily ban its operations. The Third Circuit Court of Appeals made this decision based on the understanding that Kalshi's products fall under the purview of the federal Commodity Exchange Act, rather than being subject to New Jersey's state gambling laws. The …
April 6, 2026, 4:10 p.m.
Policy
Federal Appeals Court Rules in Favor of Kalshi, Blocking New Jersey's Attempt to Shut Down Sports Markets
In a significant ruling, a federal appeals court has determined that New Jersey is not authorized to temporarily ban the operations of prediction market provider Kalshi. The Third Circuit Court of Appeals made this decision based on the understanding that Kalshi's products fall under the jurisdiction of the federal Commodity Exchange Act, rather than being subject to New Jersey's state gambling l…
April 6, 2026, 4:10 p.m.
Policy
Federal Court Blocks New Jersey's Bid to Shut Down Kalshi's Sports Betting Markets
In a significant ruling, a federal appeals court has barred New Jersey from temporarily blocking the operations of prediction market provider Kalshi, handing the company a crucial victory in its battle against state-led enforcement actions. The Third Circuit Court of Appeals, in a 2-1 decision, determined that Kalshi's products fall under the federal Commodity Exchange Act, making them exempt fro…
April 6, 2026, 4:10 p.m.
Policy
Federal Appeals Court Rules in Favor of Kalshi, Blocking New Jersey's Attempt to Shut Down Sports Markets
In a significant ruling, a federal appeals court has determined that New Jersey cannot temporarily ban the operations of prediction market provider Kalshi, handing the company a crucial victory amidst a wave of state-led enforcement actions. The Third Circuit Court of Appeals panel, in a 2-1 decision, found that Kalshi's products fall under the federal Commodity Exchange Act, rendering New Jersey…
April 6, 2026, 4:10 p.m.
Policy
Federal Appeals Court Rules in Favor of Kalshi, Blocking New Jersey's Attempt to Shut Down Sports Markets
A significant court ruling has handed Kalshi a crucial victory, allowing the prediction market provider to continue operating in New Jersey despite the state's attempts to shut it down. The Third Circuit Court of Appeals decided that the federal Commodity Exchange Act supersedes state laws, thereby blocking New Jersey's enforcement action against Kalshi. The ruling, made by a 2-1 vote, determined…
April 6, 2026, 4:10 p.m.
Policy
Federal Appeals Court Rules in Favor of Kalshi, Blocking New Jersey's Attempt to Shut Down Sports Markets
In a significant ruling, a federal appeals court has barred New Jersey from temporarily banning Kalshi, a prediction market platform, giving the company a crucial victory against a wave of state-led enforcement actions. The Third Circuit Court of Appeals decided that New Jersey cannot pursue enforcement action against Kalshi because the company's offerings fall under the federal Commodity Exchang…
April 6, 2026, 4:10 p.m.
Policy
Federal Appeals Court Rules in Favor of Kalshi, Blocking New Jersey's Attempt to Shut Down Sports Markets
In a significant victory for prediction market provider Kalshi, a federal appeals court has prohibited New Jersey from imposing a temporary ban on the platform. The Third Circuit Court of Appeals ruled 2-1 that New Jersey's enforcement action is preempted by federal law, specifically the Commodity Exchange Act, which governs Kalshi's products. The court found that Kalshi's sports-related event co…
April 6, 2026, 4:10 p.m.