US lawmakers from states with established gaming industries are urging the Supreme Court to hear a case involving New Jersey authorities and prediction-market company Kalshi, Cointelegraph reported. The dispute could give the court an opportunity to clarify how state and federal rules apply to sports betting. If the justices accept the case, their decision may help define the respective roles of state officials and federal authorities in overseeing sports-related wagers. The case places prediction markets and traditional state gaming oversight at the center of a broader legal question. No decision by the Supreme Court to take up the matter was stated in the source material.
Source
Cointelegraph
Written by Moneyiar based on reporting from the cited source and Moneyiar market data.
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