Kalshi wins key court ruling as U.S. judges curb state power over prediction markets

A federal appeals court ruled in favor of Kalshi, determining that CFTC-regulated prediction market contracts fall under federal jurisdiction rather than state gambling laws. The decision prevents New Jersey from blocking Kalshi's sports-related event contracts, establishing important precedent for prediction market regulation.

• →Federal appeals court sided with Kalshi against New Jersey's attempt to regulate prediction markets under state gambling laws.
• →The ruling establishes that CFTC-regulated event contracts fall under federal jurisdiction, not state authority.
• →Decision specifically allows Kalshi to offer sports-related prediction contracts despite state-level objections.
• →The precedent reshapes regulatory oversight for prediction markets across the United States.
• →Victory strengthens federal regulatory framework over state interference in CFTC-supervised markets.