Crypto
Kalshi wins appeal against New Jersey, says CFTC has regulatory authority
A U.S. Court of Appeals for the Third Circuit ruled in favor of prediction market platform Kalshi in a lawsuit against New Jersey state regulators, finding that federal oversight takes priority. The dispute centered on whether Kalshi should be treated under state gambling rules or the federal financial regulatory framework. Kalshi said it is supervised by the Commodity Futures Trading Commission and states lack authority to block it.
