Kalshi draws a line in the sand for the one thing it will not allow betting on: Supreme Court cases deciding its future
- Kalshi won’t let users bet whether the Supreme Court will hear a case that could upend the prediction market’s regulatory future, a spokesperson for the companyclaims.
- The revelation comes nearly a day after New Jersey officials asked the Supreme Court to intervene in a fight between the prediction market and state gambling regulators.
- States such as New Jersey believe Kalshi should follow their laws governing sports betting, but prediction markets, backed by the Trump administration, believe it should follow federal law.
Unverified
- Kalshi won’t let users bet whether the Supreme Court will hear a case that could upend the prediction market’s regulatory future, a spokesperson for the companyclaims.
- The revelation comes nearly a day after New Jersey officials asked the Supreme Court to intervene in a fight between the prediction market and state gambling regulators.
- States such as New Jersey believe Kalshi should follow their laws governing sports betting, but prediction markets, backed by the Trump administration, believe it should follow federal law.
Sources: The Independent