Everything is gambling now: the latest news on prediction markets like Polymarket and Kalshi
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US appeals court rules New Jersey can’t regulate Kalshi.
According to the ruling, New Jersey regulators can’t ban Kalshi from allowing users in the state to bet on sporting events, as Reuters reports:
“A lower-court judge had sided with New York-based Kalshi and issued a preliminary injunction, prompting New Jersey to appeal. But a majority of the judges on the 3rd Circuit panel concluded the Commodity Exchange Act likely preempted state law.”
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