Beyond Swaps and Preemption: Six Arguments in Kalshi’s Supreme Court Fight
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Eleven briefs backing New Jersey raise questions about exchange self-certification, traditional sportsbooks, tribal sovereignty, age restrictions and even the Supreme Court’s PASPA ruling. New Jersey’s legal fight with Kalshi has drawn 11 amicus briefs urging the Supreme Court to take up the case. Among those weighing in are 39 states and Washington, D.C., the NFL, tribal governments, gambling regulators, former Sen. Christopher Dodd and former CFTC Chairman Gary Gensler . The central issues are whether sports-event contracts are swaps subject to federal law and whether the Commodity Exchange Act (CEA) prevents states from regulating them as gambling.
Source: Gambling Insider
