Federal Court Sides with Kalshi in New Jersey Prediction Market Dispute
Kalshi, a leader in the rapidly growing prediction market industry, has won a significant legal battle in New Jersey. A federal appeals court ruled that the prediction market can continue to offer sports event contracts in the state, as it falls under the purview of the Commodity Futures Trading Commission (CFTC) rather than local gambling regulations. The decision comes after a prolonged legal tussle between Kalshi and New Jersey regulators, who had previously sent the company a cease-and-desist order in March […] The post Federal Court Sides with Kalshi in New Jersey Prediction Market Dispute appeared first on World Casino News.
Kalshi, a leader in the rapidly growing prediction market industry, has won a significant legal battle in New Jersey. A federal appeals court ruled that the prediction market can continue to offer sports event contracts in the state, as it falls under the purview of the Commodity Futures Trading Commission (CFTC) rather than local gambling regulations. The decision comes after a prolonged legal tussle between Kalshi and New Jersey regulators, who had previously sent the company a cease-and-desist order in March […]
The post Federal Court Sides with Kalshi in New Jersey Prediction Market Dispute appeared first on World Casino News.
