By The Weekly Edge desk ·
New Jersey asked the US Supreme Court to determine whether federal oversight of event contracts blocks state gambling enforcement, Legal Sports Report reported. The request concerns the scope of the Commodity Futures Trading Commission’s authority.
New Jersey seeks clarity on whether federal event contract oversight blocks state gambling enforcement.
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The partnerships give the tribes customer-facing apps while Kalshi operates the underlying exchange and settles transactions.
Four additional tribal agreements give tribes app ownership and customer management while Kalshi supplies exchange services.
Kalshi’s sponsorships expand MLB prediction market partnerships, with four new partners playing in states that prohibit sports betting.
The agreements give Kalshi advertising exposure and fan engagement opportunities across five MLB teams.
The case could affect whether states can regulate sports prediction markets and the safeguards operators face.
Prediction market exchanges face a CFTC warning about manipulation risks involving public figures’ statements or actions.