Supreme Court · The Block
New Jersey is asking the U.S. Supreme Court to settle, once and for all
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
✓ KHAO Verified
On Wednesday, New Jersey Attorney General Jennifer Davenport filed a 332-page petition for a writ of certiorari, a formal request asking the Supreme Court to review a lower court’s decision.
Key facts
- On Wednesday, New Jersey Attorney General Jennifer Davenport filed a 332-page petition for a writ of certiorari, a formal request asking the Supreme Court to review a lower court’s decision
- Kalshi subsequently sued New Jersey, and the case eventually reached the U.S. Court of Appeals for the Third Circuit, which ruled in Kalshi’s favor
- Now, New Jersey is asking the Supreme Court to take up the case
- On the flip side, the CFTC, which oversees derivatives markets under the Commodity Exchange Act, argued that the agency has "exclusive jurisdiction
Summary
New Jersey is asking the U.S. Supreme Court to settle, once and for all, how sports betting on prediction markets should be regulated as tensions between states and the federal government continue to escalate. Kalshi subsequently sued New Jersey, and the case eventually reached the U.S. Court of Appeals for the Third Circuit, which ruled in Kalshi’s favor. Now, New Jersey is asking the Supreme Court to take up the case. "States have long adopted careful laws to regulate gambling, including to prevent compulsive gambling, gambling by minors, and insider trading on sports games," Davenport said in a statement.