New Jersey has until Sept. 3 to ask the Supreme Court to review the Third Circuit ruling protecting Kalshi’s sports contracts. Justice Samuel Alito twice extended New Jersey’s time to file, moving the deadline from July 5 to Sept. 3. The Ninth Circuit’s Aug. 28 ruling for Nevada split the appeals courts on whether states … Read more
Connecticut’s complaint accuses Kalshi of letting minors open accounts and paying underage promoters on TikTok and X. The suit cites Kalshi’s own federal court filing that put sports contracts at 80% to 90% of its offerings in February. A Connecticut federal judge rejected Kalshi’s derivatives defense on Aug. 7, a ruling the new state complaint … Read more
A federal judge denied Kalshi’s bid to block Connecticut from enforcing its gambling laws against sports contracts. The court held the contracts are not swaps, leaving them outside the CFTC’s exclusive jurisdiction. The order says Congress never displaced the states’ historic police power over sports betting through Dodd-Frank. Coinbase lost a matching motion before the … Read more