Prediction Markets Inch Closer to the Supreme Court: State of Crypto
The filing seeks a ruling on whether sports-related prediction contracts are illegal gambling or federally regulated swaps, a question affecting at least 20 states.
6 Articles
6 Articles
Prediction markets inch closer to the Supreme Court: State of Crypto
5 things to know about New Jersey’s bid to have the US Supreme Court rule on prediction markets
New Jersey Attorney General Jennifer Davenport filed a petition with the U.S. Supreme Court on Sept. 2 asking it to resolve the biggest issue facing the gambling industry today: whether prediction market companies like Kalshi are offering illegal, untaxed sports…
Ninety days. It is the time that the Supreme Court of the United States will have to decide whether or not to accept one of the most delicate cases of recent years in the field of finance and gambling: to determine whether the forward markets related to sport are bets to regulate state by state or financial swaps under the federal umbrella [...]
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