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New Jersey asks Supreme Court to rule on who should regulate sports betting on prediction markets
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New Jersey asks Supreme Court to rule on who should regulate sports betting on prediction markets

The state of New Jersey has formally filed a request with the U.S. Supreme Court, hoping to clarify who should regulate sports betting through prediction markets. The request focuses on the regulatory authority itself.

A Michigan court issued a formal injunction, and Kalshi was fined US$500,000 per day for illegally opening a sports prediction market.
Blockchain

A Michigan court issued a formal injunction, and Kalshi was fined US$500,000 per day for illegally opening a sports prediction market.

The Michigan court converted the temporary restraining order issued against Kalshi in June this year into a formal injunction, requiring the continued blocking of sports-related prediction market contracts, and violators were fined US$500,000 per day.