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Courts and regulators are redefining U.S. prediction markets as Third Circuit backs Kalshi preemption, JD Supra reports
- Courts and regulators are redefining U.S. prediction markets as Third Circuit backs Kalshi preemption, JD Supra reports — JD Supra reported a legal analysis of U.S. prediction markets noting the Third Circuit on April 6, 2026 affirmed a preliminary injunction for Kalshi against New Jersey, holding Kalshi showed a reasonable chance that the Commodity Exchange Act preempts state gambling law for CFTC-regulated event contracts. The analysis also noted the CFTC in 2022 ordered Polymarket to pay a penalty and wind down non-compliant markets. (JD Supra)
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