An appeals court ruled Monday that New Jersey could not temporarily ban prediction market provider Kalshi, giving the platform a much-needed win against an onslaught of state enforcement actions.
A Third Circuit Court of Appeals panel ruled in a 2-1 vote that the state could not bring an enforcement action against Kalshi because the company’s products are subject to the federal Commodity Exchange Act, rather than New Jersey state gambling laws.
? Key Moments of the Match
23' - First goal by John Doe (Home team).
45+2' - Equalizer from penalty spot.
67' - VAR review disallows goal.
89' - Last-minute winner! Incredible scenes.