A new U.S. Supreme Court (SCOTUS) decision gives further weight to an amicus brief filed in the Kalshi vs. New Jersey case now before the Third Circuit, according to a letter to the court from the Tribal Amici July 1. The Tribal Amicus — a coalition of 65-plus tribes and tribal entities across the U.S. — says that the June 27 SCOTUS decision in Federal Communications Commission v. Consumers’ Research strengthens the arguments that the Commodity Futures Trading Commission (CFTC) does not have the right allow Kalshi to self-certify event contracts.
Kalshi, the prediction-market platform that began offering sports betting contracts in January, is suing the state of New Jersey after it sent a cease-and-desist letter instructing the company to exit the state.
