TREE NEWS update: The National Council of Legislators from Gaming States (NCLGS) filed an amicus brief at the US Supreme Court backing New Jersey’s attorney general and gaming regulators in their bid to have the court hear their case against prediction market platform Kalshi. The petition, filed September 2, seeks to clarify whether states or federal agencies hold jurisdiction over prediction market firms. NCLGS warned a ruling for Kalshi would bar states from regulating sports betting on such platforms. Kalshi must file its response by November 9.
State Gaming Legislators Back New Jersey Bid for Supreme Court Review of Kalshi Case
AI take
The significance here is jurisdictional rather than commercial: state gaming regulators are trying to keep prediction markets inside their existing sports-betting framework instead of ceding that ground to federal oversight. A ruling for Kalshi would narrow the states' practical reach over platforms they already license and tax, which is why legislators are weighing in collectively rather than leaving the fight to New Jersey alone. The open question is whether the Supreme Court accepts the petition at all; Kalshi's November 9 response is the next procedural marker to watch.
Generated by AI for reference only.
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