Prediction markets inch closer to the Supreme Court: State of Crypto
60-second summary
New Jersey files a writ of certiorari in Kalshi’s lawsuit, moving the dispute over prediction‑market regulation toward the Supreme Court. The petition challenges the state’s attempt to block Kalshi’s federally‑approved platform, which lets users trade on real‑world events. If the high court hears the case, it could set nationwide precedent, shaping crypto‑related market access and regulatory clarity.
New Jersey petitioned for a writ of certiorari in Kalshi's case against it last week, finally throwing the ball to the high court.