Current outcome
The U.S. Supreme Court case has received multiple briefs opposing federal oversight of prediction markets; New Jersey has asked the Supreme Court to resolve the state-versus-federal jurisdiction dispute as the case moves toward a definitive ruling.
Progress timeline
2 material updates- #01
New Jersey officials petition US Supreme Court over prediction markets
New Jersey officials petitioned the US Supreme Court to determine whether state or federal authorities have jurisdiction over prediction market platforms like Kalshi.
Source evidence: Cointelegraph
- #02
NFL joins pushback against prediction markets as U.S. Supreme Court asked to act
The NFL, state governments, Gary Gensler and former Senator Chris Dodd filed Supreme Court amicus briefs opposing exclusive CFTC oversight of prediction markets and supporting state gambling regulators.
State after update: The U.S. Supreme Court case has received multiple briefs opposing federal oversight of prediction markets; New Jersey has asked the Supreme Court to resolve the state-versus-federal jurisdiction dispute as the case moves toward a definitive ruling.
Source evidence: CoinDesk