Kalshi wins Third Circuit appeal vs. New Jersey

Third Circuit rules in Kalshi’s favor

Kalshi prevailed in its Third Circuit appeal against New Jersey, according to gamblerss.com. A panel ruled 2–1 that the state cannot prevent the platform from offering sports event contracts within New Jersey.

The decision places those products under the CFTC’s exclusive jurisdiction, according to the outlet’s summary. That finding supports Kalshi’s position in its dispute with state regulators.

Scope of the available reporting

The reported outcome concerns New Jersey’s ability to block Kalshi’s sports event contracts. The supplied summary does not establish how the ruling might apply to other platforms or disputes in other states.

The report was published on Oct 11, 2026, at 3:54 AM ET. The full source text was unavailable, and the summary does not provide the panel’s detailed reasoning, the dissent’s arguments or any next procedural steps.

What it means for prediction markets

• Access in New Jersey: The reported ruling prevents the state from blocking Kalshi’s sports event contracts.
• Regulatory authority: The panel’s finding puts CFTC jurisdiction at the center of this outcome, rather than state oversight.
• Limits on interpretation: The available material does not establish broader consequences for other jurisdictions or indicate whether further review will be sought.