NJ urges SCOTUS to rule that Kalshi sports bets are gambling, not "swaps"
New Jersey asked the Supreme Court to rule that sports markets offered on Commodity Futures Trading Commission-registered exchanges are still “sports bets” that states can regulate, arguing Dodd-Frank does not preempt state sports-gambling laws for Kalshi’s products.
Sep 3, 2026 ·Ars Technica












