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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 prediction market provider Kalshi a significant victory, ruling that New Jersey cannot temporarily ban the platform due to the federal Commodity Exchange Act taking precedence over state gambling laws. The Third Circuit Court of Appeals made this decision in a 2-1 vote, stating that Kalshi's products fall under federal law rather than New Jersey state 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 decision, a federal appeals court has granted a major victory to Kalshi, a prediction market platform, by blocking New Jersey's attempt to shut down its sports markets. The Third Circuit Court of Appeals ruled that the federal Commodity Exchange Act takes precedence over state gambling laws, thereby preventing New Jersey from taking enforcement action against Kalshi. The court's …
April 6, 2026, 4:10 p.m.
Policy
US Appeals Court Rules in Favor of Kalshi, Blocking New Jersey's Attempt to Shut Down Sports Markets
In a significant legal victory for prediction market provider Kalshi, a US appeals court ruled that New Jersey cannot temporarily ban the company's operations, marking a crucial win against a series of state-led enforcement actions. The Third Circuit Court of Appeals decided in a 2-1 ruling that New Jersey's enforcement action is preempted by federal law, specifically the Commodity Exchange Act, …
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 ruling was handed down by a federal appeals court on Monday, stating that the state of New Jersey is not permitted to temporarily ban Kalshi, a platform offering prediction markets. This decision marks a crucial victory for the company in the face of numerous state-led enforcement actions. The Third Circuit Court of Appeals, in a 2-1 decision, determined that Kalshi's products fall …
April 6, 2026, 4:10 p.m.
Policy
Federal Appeals Court Halts New Jersey's Bid to Shut Down Kalshi's Sports Betting Markets
In a significant ruling, a federal appeals court has granted Kalshi a major victory, blocking New Jersey's attempt to temporarily ban the prediction market provider. The Third Circuit Court of Appeals decided that the state cannot take enforcement action against Kalshi, as the company's products fall under the federal Commodity Exchange Act, rather than New Jersey's state gambling laws. The court…
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 that Kalshi's products fall under the federal Commodity Exchange Act, rather than being subject to New Jersey state gambling laws. The ruling, which was made by a 2-1 majority, stated that Kals…
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 sided with Kalshi, a prediction market platform, by ruling that New Jersey cannot temporarily ban the company's operations. The Third Circuit Court of Appeals made this ruling based on the understanding that Kalshi's products are subject to the federal Commodity Exchange Act, which supersedes New Jersey's state gambling laws. The court's deci…
April 6, 2026, 4:10 p.m.
Policy
Federal Appeals Court Intervenes to Protect Kalshi's Sports Markets in New Jersey
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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 Kalshi, a federal appeals court has ruled that New Jersey cannot temporarily ban the company's sports-related event contracts, marking a win against the state's enforcement actions. The Third Circuit Court of Appeals determined that Kalshi's products are subject to the federal Commodity Exchange Act, which supersedes New Jersey's state gambling laws. The ruling stated…
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 platform from operating in the state. The Third Circuit Court of Appeals decided that Kalshi's products fall under the federal Commodity Exchange Act, which takes precedence over New Jersey's state gambling laws. The ruling, which was decided by a 2-1 vote, …
April 6, 2026, 4:10 p.m.