New Jersey is considering asking the U.S. Supreme Court to decide whether prediction market companies are offering illegal, unregulated sports betting across the country.
While they ponder that possibility, the state also has another trick up its sleeve: taxing the same prediction market companies it seeks to ban.
The New Jersey Attorney General’s Office filed paperwork with the U.S. Supreme Court on Friday seeking an extension of the deadline for asking the nation’s highest court to take the case.
A federal appeals court ruled in April against New Jersey’s attempt to ban Kalshi, Polymarket and others from operating in the state.
