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Policy
US Appeals Court Rules in Favor of Kalshi, Blocking New Jersey's Attempt to Shut Down Sports Markets
In a significant ruling, a US appeals court has determined that New Jersey does not have the authority to temporarily ban the operation of prediction market provider Kalshi. The Third Circuit Court of Appeals found that the federal Commodity Exchange Act takes precedence over state gambling laws, thereby allowing Kalshi to continue offering its sports-related event contracts. The ruling, which wa…
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 panel voted 2-1 in favor of Kalshi, stating that the company's products fall under the federal Commodity Exchange Act, rather than New Jersey's state gambling laws. The ruling emphasizes that Kalshi's …
April 6, 2026, 4:10 p.m.
Policy
Federal Appeals Court Intervenes to Halt New Jersey's Attempt to Shut Down Kalshi's Sports Betting Platforms
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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 Markets
In a significant ruling, a federal appeals court has granted Kalshi, a prediction market platform, a major victory against New Jersey's attempts to shut down its operations. The Third Circuit Court of Appeals decided that the state cannot bring an enforcement action against Kalshi, citing that the company's products fall under the federal Commodity Exchange Act, which supersedes state gambling la…
April 6, 2026, 4:10 p.m.
Policy
Federal Appeals Court Halts New Jersey's Shutdown of Kalshi's Sports Betting Markets
A federal appeals court has handed Kalshi a significant victory, ruling that New Jersey cannot temporarily ban the sports betting platform. The Third Circuit Court of Appeals found that Kalshi's products are subject to federal law, specifically the Commodity Exchange Act, rather than state gambling laws. The court noted that Kalshi had self-certified compliance with applicable laws and regulation…
April 6, 2026, 4:10 p.m.
Policy
Federal Appeals Court Bars New Jersey from Shutting Down Kalshi's Sports Betting Markets
In a significant victory for sports prediction market provider Kalshi, a federal appeals court has ruled that New Jersey cannot temporarily ban the platform. The Third Circuit Court of Appeals decision, made with a 2-1 majority vote, determined that Kalshi's products fall under the federal Commodity Exchange Act, rather than New Jersey's state gambling laws. This ruling comes as states across the…
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 barred New Jersey from temporarily banning the platform, citing that its products fall under the federal Commodity Exchange Act rather than state laws. The ruling, made by a 2-1 majority, states that Kalshi's sports-related event contracts are presumptively approved under federal law, as the company has self-certified compliance wit…
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 that New Jersey is barred from temporarily banning Kalshi, a platform offering sports-related event contracts, due to federal commodity exchange laws taking precedence over state gambling laws. The Third Circuit Court of Appeals made this ruling in a 2-1 decision, stating that Kalshi's products fall under the federal Commodity Exchange …
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 decided that New Jersey is not permitted to temporarily ban the operations of Kalshi, a prediction market provider, handing the company a crucial victory against a wave of state-led enforcement actions. The Third Circuit Court of Appeals, in a 2-1 decision, found that Kalshi's offerings are subject to federal law under the Commodity Exchange Ac…
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.