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

Ars Technica

TechnologyArs Technica·Sep 3, 2026·1 min read

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

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…

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