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Gaming-state lawmakers urge SCOTUS to take up Kalshi case
If the Supreme Court agrees to hear the New Jersey prediction market dispute, it could clarify how state and federal officials approach sports betting oversight, Cointelegraph reports.
Cointelegraph reports that US lawmakers from gaming states have asked the Supreme Court to take up the Kalshi case involving New Jersey authorities and a prediction market company.
According to the outlet, if the Supreme Court accepts the dispute, it could provide clearer guidance for both state and federal officials on sports bets.
The matter centers on whether and how prediction market activity related to sports betting can be regulated, with lawmakers arguing that Supreme Court review is needed for legal clarity.