NJ urges SCOTUS to rule that Kalshi sports bets are gambling, not "swaps"
New Jersey is urging the Supreme Court of the United States to classify Kalshi's sports betting products as gambling rather than financial derivatives or "swaps." The case has created a circuit split among appeals courts, increasing the likelihood that SCOTUS will take up the dispute between Kalshi and state regulators.
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NJ urges SCOTUS to rule that Kalshi sports bets are gambling, not "swaps"
New Jersey is urging the Supreme Court of the United States to classify Kalshi's sports betting products as gambling rather than financial derivatives or "swaps." The case has created a circuit split among appeals courts, increasing the likelihood that SCOTUS will take up the dispute between Kalshi and state regulators.
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