New Jersey Asks Supreme Court To Rule On Kalshi's Sports Contracts
The petition, filed September 2, asks the justices whether federal commodities law overrides the state's power to regulate those bets.
- New Jersey officials Flaherty and Davenport filed the petition against KalshiEX LLC on September 2, 2026.
- Kalshi lets users trade contracts on game outcomes without a state sportsbook license.
- KalshiEX operates as a CFTC-registered exchange, the basis of its claim to federal immunity.
Why it matters: The case decides who licenses a bet: a state gaming board or a federal trading desk.
New Jersey AG / Flaherty & Davenport v. KalshiEX, LLC — Petition for Writ of Certiorari ↗ · Sep 7, 20269/7/26