The state of New Jersey has formally filed a request with the U.S. Supreme Court, hoping that this highest level of judicial authority will rule once and for all on who should regulate sports betting through prediction markets.
According to The Block, the core of this request is the issue of "regulatory authority" itself - New Jersey is not asking the court to make a substantive judgment on the content of gambling, but hopes to first resolve the dispute about "who has the authority to regulate."
At present, the public information only stops here. No more details have been released on the progress of the case, the expected trial time and the specific claims of both parties.
