US CFTC has sole authority over online prediction markets, appeals court rules
By Neil Roland ( April 6, 2026, 18:48 GMT | Insight) -- A federal appeals court ruled for the first time on whether the US Commodity Futures Trading Commission has exclusive authority over online prediction markets, granting the agency’s request for jurisdiction over bets on sporting events. A three-judge panel on the US Court of Appeals for the Third Circuit held Monday that New Jersey gaming regulators can’t stop Kalshi from letting state residents use its prediction market. New Jersey authorities have contended that Kalshi is a platform for sports gambling.A federal appeals court ruled for the first time on whether the US Commodity Futures Trading Commission has exclusive authority over online prediction markets, granting the agency’s request for jurisdiction over bets on sporting events....
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