NEW JERSEY TAKES KALSHI TO U.S. SUPREME COURT

New Jersey just escalated its fight with Kalshi to the Supreme Court, asking SCOTUS to decide whether the prediction market platform can legally take bets on sports and politics. The cert petition signals the feds and states are locked in an existential battle over whether Kalshi's "contracts" actually count as gambling—or something else entirely that dodges

Supreme Court cert petition filed; existential legal battle for prediction market platforms.