Infiniti Intelligence Hourly Briefing — Oct 11, 2026 · 3:54 AM ET

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.

As of Oct 11, 2026 · 3:54 AM ET, the supplied update reported no new headlines in the preceding hour. The latest developments remained the previously reported state enforcement actions, rather than a fresh regulatory move.

State enforcement remains in focus

Tennessee’s cease-and-desist orders to Kalshi, Polymarket and Crypto.com remained among the latest actions identified in the update. The absence of another headline does not establish any change in those orders.

The update also referred to a federal block, but the supplied summary ended before identifying what was blocked. Its scope and relationship to the state actions cannot be established from the available material.

The cited reporting outlet is gamblerss.com. Its page text was unavailable, leaving no additional reporting to verify or expand on beyond the supplied summary.

What it means for prediction markets

• No fresh catalyst was reported: The last hour brought no new headline in the supplied update—not confirmation that the enforcement disputes had been resolved.
• The named platforms remain central: Tennessee’s orders concern Kalshi, Polymarket and Crypto.com; the material provides no further details about their scope or implementation.
• The federal reference is incomplete: It cannot support conclusions about which markets or platforms a federal block affects.