States / New Jersey
Legal status · as of Oct 15, 2026
Are prediction markets legal in New Jersey?
In court
New Jersey lost 2-1 at the Third Circuit, which held Kalshi's sports contracts likely preempted, and has petitioned the Supreme Court. A June 2026 bill would ban certain contracts and impose taxes of nearly 30%.
State actions
Regulator orders, lawsuits, rulings and laws, newest first.
| Date | Action | What happened | Sources |
|---|---|---|---|
| Sep 2, 2026 | Other | AG Jennifer Davenport files a cert petition asking whether Dodd-Frank preempted state sports-betting law. (Kalshi) | Jersey Vindicator · Blank Rome |
| Jun 17, 2026 | Bill | Bill would ban certain prediction markets and impose 30% taxes. | Covers timeline |
| Apr 6, 2026 | Other | Third Circuit affirms Kalshi's preliminary injunction (KalshiEX v. Flaherty, No. 25-1922). (Kalshi) | Justia: 3d Cir. opinion primary |
| Mar 27, 2025 | Cease and desist | Division of Gaming Enforcement orders a halt to 'unauthorized sports wagers.' (Kalshi, Robinhood) | Covers |
Cases involving New Jersey
Select a case for its full history and sources, or see the legal tracker.
| Case | Status | Last action | Sources |
|---|---|---|---|
| Kalshi v. New Jersey Supreme Court of the United States (petition); U.S. Court of Appeals for the Third Circuit; U.S. District Court for the District of New Jersey | Injunction for Kalshi affirmed; NJ cert petition pending | Oct 9, 2026 Amicus briefs supporting review continued: the NFL, former CFTC chair Gary Gensler, former Sen. Chris Dodd, and the American Gaming Association with 145 tribes and tribal organizations (Oct. 8), and the Casino Association of New Jersey (Oct. 9). | Third Circuit opinion (PDF) primary · Third Circuit opinion (Justia) primary · Supreme Court docket No. 26-299 primary · Cert petition (PDF), No. 26-299 primary · Supreme Court application No. 25A1465 (extensions) primary · News: Legal Sports Report · SiGMA: Regulators urge Supreme Court review · SBC Americas: NFL, 39 states urge Supreme Court to take up Kalshi case · The Block: NFL tells Supreme Court sports contracts are gambling, not swaps · CoinDesk: Everyone wants SCOTUS to take up prediction markets |
Prediction markets in New Jersey: questions
Are prediction markets legal in New Jersey?
In court. New Jersey lost 2-1 at the Third Circuit, which held Kalshi's sports contracts likely preempted, and has petitioned the Supreme Court. A June 2026 bill would ban certain contracts and impose taxes of nearly 30%. Exchanges registered with the CFTC, including Kalshi, say federal law lets them offer event contracts in every state; that question is being fought in court. This summarizes public actions and is not legal advice.
What is the latest prediction market action in New Jersey?
Sep 2, 2026: AG Jennifer Davenport files a cert petition asking whether Dodd-Frank preempted state sports-betting law.
Is there a lawsuit over prediction markets in New Jersey?
Yes. Kalshi v. New Jersey (Supreme Court of the United States (petition); U.S. Court of Appeals for the Third Circuit; U.S. District Court for the District of New Jersey): Injunction for Kalshi affirmed; NJ cert petition pending.
This page reports court, regulator and legislative actions with links to the filings and coverage. It is not legal advice. The tracker is re-checked every Monday and Thursday. All states · Legal tracker