Sports Betting Rules Face Supreme Court Test Over Kalshi Contracts

The American Gaming Association (AGA) has filed a brief urging the U.S. Supreme Court to review a ruling that prevents New Jersey from enforcing its gaming laws against Kalshi sports event contracts. The filing adds a major industry voice to a dispute over whether federally registered prediction markets can offer sports-related contracts outside state and tribal gambling frameworks. New Jersey’s petition asks the justices to consider whether the Dodd-Frank Wall Street Reform and Consumer Protection Act displaced states’ authority to regulate sports bets offered through markets registered with the Commodity Futures Trading Commission (CFTC) .