NJ urges SCOTUS to rule that Kalshi sports bets are gambling, not "swaps"

Circuit split raised the odds that SCOTUS will rule on Kalshi fight against states. New Jersey yesterday asked the Supreme Court to rule on whether states can regulate sports betting on prediction markets such as Kalshi. “Companies like Kalshi claim to offer legal sports betting in all 50 states, but they refuse to follow the gambling laws of any state,” New Jersey Attorney General Jennifer Davenport said in a press release announcing the lawsuit [1].

Sources

1. arstechnica.com · NJ urges SCOTUS to rule that Kalshi sports bets are gambling, not "swaps" Sep 3, 2026
2. cnbc.com · Piper Sandler expects Robinhood to kickstart football season with a win Sep 3, 2026

This is the neutral brief the press writes once, for everyone, before each reader’s paper adds its own so-what. It links out; it does not republish. 2 articles clustered.

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