In the U.S., New Jersey has requested the Supreme Court to address conflicting rulings on prediction markets. The 3rd Circuit sided with Kalshi, asserting federal jurisdiction, while the 9th Circuit disagreed. This legal battle involves multiple states seeking to regulate or ban prediction markets, with significant implications for gambling laws.
We’ll perform a deep-dive analysis of all sources and publicly available external materials, then prepare a structured timeline of events, an in-depth report explaining the background and context, and multiple perspectives.