NFL Sides With States Against Kalshi in Supreme Court Prediction Market Fight
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New Jersey officials petition US Supreme Court over prediction markets
New Jersey’s Attorney General and gaming authorities filed a petition for a writ of certiorari to the US Supreme Court over Kalshi offering sporting event contracts to residents.
Kalshi loses appeal, setting up potential Supreme Court case
The 6th US Circuit Court of Appeals ruled against prediction market Kalshi, siding with Ohio and Tennessee on regulating sports-event contracts under state laws.
Tensions Flare as CME, Kalshi Execs Clash Over Prediction Markets in DC
CME Group Chairman Terry Duffy and Kalshi co-founder Luana Lopes Lara traded barbs during a CFTC meeting over prediction markets, manipulation, and regulatory standards.
US lawmakers from gaming states urge SCOTUS to take up Kalshi case
The case between New Jersey authorities and a prediction market company, if accepted by the Supreme Court, could result in clarity for state and federal officials over sports bets.
Kalshi Pushes Beyond Prediction Markets With Copper Perpetual Futures
The prediction market operator is seeking CFTC approval for a copper perpetual as it moves further into traditional derivatives markets.
NFL backs New Jersey authorities in SCOTUS petition over Kalshi
According to the league, Kalshi and other prediction markets “threaten game integrity” because many event contracts are “highly susceptible to manipulation.”