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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 handed Kalshi a significant victory, ruling that New Jersey cannot temporarily ban the prediction market provider. The Third Circuit Court of Appeals decided that the state's enforcement action against Kalshi is preempted by federal law, as the company's products fall under the Commodity Exchange Act. The ruling, made by a 2-1 majority, determined that Kalshi's sports-…
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 ruled that New Jersey cannot temporarily ban the company's operations. The Third Circuit Court of Appeals decided in a 2-1 ruling that Kalshi's products fall under the federal Commodity Exchange Act, taking precedence over New Jersey's state gambling laws. The ruling stated that Kalshi had self-certified c…
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 given Kalshi, a prediction market platform, a crucial victory against a wave of state-led enforcement actions. The Third Circuit Court of Appeals decided that New Jersey cannot temporarily ban Kalshi, citing that the company's offerings are subject to the federal Commodity Exchange Act rather than the state's gambling laws. The court's majority opinion emphasized th…
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 Kalshi, a federal appeals court has ruled that New Jersey cannot temporarily ban the company's sports-related markets. The Third Circuit Court of Appeals decided that Kalshi's products fall under the federal Commodity Exchange Act, rather than state gambling laws. The court found that Kalshi had self-certified compliance with applicable laws and regulations, and the C…
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 decision, a federal appeals court has ruled in favor of Kalshi, a prediction market provider, by blocking New Jersey's attempt to temporarily ban its operations. The Third Circuit Court of Appeals found that Kalshi's products fall under the federal Commodity Exchange Act, rather than state gambling laws. The court stated that Kalshi had self-certified compliance with applicable l…
April 6, 2026, 4:10 p.m.
Policy
Federal Appeals Court Blocks New Jersey's Bid to Shut Down Kalshi's Sports Betting Markets
In a significant victory for prediction market provider Kalshi, a federal appeals court has ruled that New Jersey cannot temporarily ban the company's operations. The Third Circuit Court of Appeals made this decision based on the fact that Kalshi's products fall under the federal Commodity Exchange Act, rather than being subject to New Jersey's state gambling laws. The ruling, which was passed wi…
April 6, 2026, 4:10 p.m.
Policy
Federal Appeals Court Halts New Jersey's Attempt to Shut Down Kalshi's Sports Betting Markets
In a significant decision, a federal appeals court has blocked New Jersey's attempt to temporarily ban Kalshi, a prediction market platform, from operating in the state. The Third Circuit Court of Appeals ruled that Kalshi's products fall under the federal Commodity Exchange Act, which supersedes state gambling laws. The court's majority opinion stated that Kalshi had self-certified its complianc…
April 6, 2026, 4:10 p.m.
Policy
Federal Appeals Court Sides with Kalshi in New Jersey Sports Market Dispute
In a significant decision, a federal appeals court has ruled in favor of Kalshi, a prediction market platform, allowing it to continue operating its sports-related markets in New Jersey. The ruling, issued by the Third Circuit Court of Appeals, determined that the federal Commodity Exchange Act takes precedence over state gambling laws, thereby blocking New Jersey's attempt to shut down Kalshi's …
April 6, 2026, 4:10 p.m.
Policy
Federal Appeals Court Intervenes, Prevents New Jersey from Halting 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 federal appeals court has handed Kalshi a significant victory, ruling that New Jersey cannot temporarily ban the prediction market 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, taking precedence over New Jersey's state gambling laws. The ruling stated that Kalshi had self-certified compliance wi…
April 6, 2026, 4:10 p.m.