{"publisher":{"name":"MediaBias News","url":"https://mediabias.news","methodology":"https://mediabias.news/methodology","editorialPrinciples":"https://mediabias.news/editorial-principles","corrections":"https://mediabias.news/corrections"},"scoreGuide":{"trust":"How well corroborated and evidenced the source reporting is. 0-100, higher is better.","critic":"Craft quality of the source journalism: context, balance, fact vs comment. 0-100, higher is better.","hype":"How far the source presentation runs ahead of substance. 0-100, LOWER IS BETTER.","scope":"Scores assess the original reporting this article was written from, not the truth of the underlying event and not the quality of this write-up."},"assessmentGuide":{"type":"coverage-and-source-reporting-analysis","factCheck":{"status":"not-performed","note":"Media Bias News compares coverage and scores the source reporting. It does not currently publish a ClaimReview verdict on whether the underlying event or claim is true."},"sourceFactuality":{"note":"Factuality values describe published ratings of the outlets that covered the story. They are not a factuality verdict on this story or its claims."}},"story":{"id":"https://mediabias.news/politics/new-jersey-asks-supreme-court-to-rule-on-prediction-market-regulation","slug":"new-jersey-asks-supreme-court-to-rule-on-prediction-market-regulation","url":"https://mediabias.news/politics/new-jersey-asks-supreme-court-to-rule-on-prediction-market-regulation","title":"New Jersey asks Supreme Court to rule on prediction market regulation","subtitle":"A dispute over whether states or federal regulators have oversight of prediction markets has reached the nation's highest court.","excerpt":"New Jersey has asked the U.S. Supreme Court to resolve a legal dispute over the regulation of prediction markets. The case could determine whether these platforms are considered sports betting, subject to state laws, or financial derivatives regulated by the federal government.","category":"Politics","area":"United States","publishedAt":"2026-09-02T19:25:11.282Z","sourceReportedAt":"2026-09-02T18:20:53.000Z","updatedAt":"2026-09-08T04:00:14.379Z","readTime":"3 min read","scores":{"trust":78,"critic":85,"hype":25,"notes":{"trust":"Two full reports name sources and courts; 22 digests corroborate key facts.","critic":"Quotes, named courts, and clear separation of fact from comment.","hype":"Headlines are lively but not exaggerated; body matches tone."}},"tags":["#PredictionMarkets","#SupremeCourt","#Regulation","#SportsBetting","#CFTC","#NewJersey"],"entities":["New Jersey","U.S. Supreme Court","Commodity Futures Trading Commission (CFTC)","Kalshi","3rd U.S. Circuit Court of Appeals","9th U.S. Circuit Court of Appeals","Jennifer Davenport"],"body":[{"type":"key_takeaways","items":["New Jersey has petitioned the U.S. Supreme Court to settle a regulatory dispute over prediction markets.","The case arises from conflicting rulings by federal appeals courts on whether event contracts are 'swaps' regulated by the CFTC or sports betting subject to state law.","The outcome could determine the future of prediction markets, which allow users to bet on real-world events.","No right-rated outlets covered this story."]},{"type":"paragraph","text":"New Jersey has asked the U.S. Supreme Court to resolve a dispute over regulatory jurisdiction for prediction markets. The state's petition follows conflicting rulings from federal appeals courts regarding the classification of event contracts. The 3rd U.S. Circuit Court of Appeals ruled that event contracts are 'swaps' regulated by the Commodity Futures Trading Commission (CFTC). However, the 9th U.S. Circuit Court of Appeals later ruled that sports-related event contracts are not swaps regulated by the CFTC."},{"type":"paragraph","text":"The legal battle centers on whether prediction markets, such as those operated by Kalshi, fall under federal financial regulations or state sports betting laws. Kalshi operates as a financial exchange regulated by the CFTC, according to the company. New Jersey's attorney general stated that Congress did not intend to make the sports-betting industry immune from state law. Forty-four state attorneys general argue that prediction markets constitute sports betting under state law."},{"type":"heading","text":"Conflicting Court Rulings"},{"type":"paragraph","text":"The U.S. Supreme Court's potential involvement stems from a split between the 3rd and 9th U.S. Circuit Courts of Appeals. The 3rd Circuit found that event contracts are federal 'swaps,' preempting state law. In contrast, the 9th Circuit ruled that sports-related event contracts have the hallmarks of sports betting and can be regulated by states. This divergence creates uncertainty over which regulatory framework applies to prediction markets."},{"type":"heading","text":"What the coverage left out"},{"type":"paragraph","text":"None of the left-rated or centre-rated reports printed below mention the specific financial figures associated with the prediction market industry, such as the total volume of bets placed or the potential tax revenue states might gain. The reports also do not detail the specific arguments made by Kalshi or other platforms regarding their operational status as financial exchanges, beyond their general statements. No right-rated outlet ran this story."}],"basedOn":[{"sourceName":"crypto.news","url":"https://crypto.news/kalshi-court-split-could-fragment-us-prediction-market","headline":"Kalshi court split could fragment US prediction markets: expert","angle":"","publishedAt":"2026-09-08T16:26:09.000Z"},{"sourceName":"news-pravda.com","url":"https://news-pravda.com/world/2026/09/08/2574862.html","headline":"Betting on everything. The US Supreme Court has taken on bookmakers The fight over prediction markets is reaching the highest judicial level","angle":"","publishedAt":"2026-09-08T06:44:52.000Z"},{"sourceName":"OpsLens","url":"https://opslens.com/a-1-trillion-market-hangs-in-the-balance-of-crypto-dramas-worldnetdaily-by-william-murray-real-clear-wire","headline":"A $1 trillion market hangs in the balance of crypto dramas * WorldNetDaily * by William Murray, Real Clear Wire","angle":"","publishedAt":"2026-09-08T05:27:37.000Z"},{"sourceName":"Arizona Capitol Times","url":"https://azcapitoltimes.com/news/2026/09/07/kalshis-general-counsel-looks-to-supreme-court-after-new-jersey-appeal","headline":"Kalshi’s general counsel looks to Supreme Court after New Jersey appeal","angle":"","publishedAt":"2026-09-08T03:20:22.000Z"},{"sourceName":"WND","url":"https://wnd.com/2026/09/1-trillion-market-hangs-balance-crypto-dramas","headline":"A $1 trillion market hangs in the balance of crypto dramas * WorldNetDaily * by William Murray, Real Clear Wire","angle":"","publishedAt":"2026-09-07T20:48:31.000Z"},{"sourceName":"Mashable","url":"https://sea.mashable.com/tech/54633/polymarket-and-kalshi-face-possible-regulation-as-supreme-court-monitors-the-situation","headline":"Polymarket and Kalshi face possible regulation as Supreme Court 'monitors the situation'","angle":"","publishedAt":"2026-09-07T19:01:01.000Z"},{"sourceName":"The Independent (US)","url":"https://the-independent.com/games/new-jersey-supreme-court-prediction-markets-b3045793.html","headline":"New Jersey asks Supreme Court to shut down prediction markets","angle":"","publishedAt":"2026-09-07T14:11:00.000Z"},{"sourceName":"KTSM","url":"https://ktsm.com/us-politics/prediction-markets-regulation-draws-closer-to-supreme-court","headline":"Prediction markets' regulation draws closer to Supreme Court","angle":"","publishedAt":"2026-09-07T10:02:15.000Z"},{"sourceName":"The Hill","url":"https://thehill.com/regulation/court-battles/6072306-prediction-markets-supreme-court-regulation","headline":"Prediction markets’ regulation draws closer to Supreme Court","angle":"","publishedAt":"2026-09-07T10:00:00.000Z"},{"sourceName":"Cryptocurrency News - TCAT","url":"https://thecurrencyanalytics.com/altcoins/new-jersey-takes-kalshi-fight-to-supreme-court-putting-prediction-markets-on-trial-291131","headline":"New Jersey Takes Kalshi Fight to Supreme Court, Putting Prediction Markets on Trial","angle":"","publishedAt":"2026-09-07T00:31:26.000Z"},{"sourceName":"BITRSS","url":"https://bitrss.com/prediction-markets-inch-closer-to-the-supreme-court-state-of-crypto-248752","headline":"Prediction markets inch closer to the Supreme Court: State of Crypto","angle":"","publishedAt":"2026-09-06T19:59:03.000Z"},{"sourceName":"The Cryptonomist","url":"https://cryptonomist.ch/2026/09/06/regolamentazione-mercati-previsionali","headline":"Regulations for Forward Markets: Gambling or Financial Swaps?","angle":"","publishedAt":"2026-09-06T19:10:48.000Z"},{"sourceName":"Coin Desk","url":"https://coindesk.com/news-analysis/2026/09/06/prediction-markets-inch-closer-to-the-supreme-court-state-of-crypto","headline":"Prediction markets inch closer to the Supreme Court: State of Crypto","angle":"","publishedAt":"2026-09-06T18:30:46.204Z"},{"sourceName":"BizToc","url":"https://biztoc.com/x/c5f30394eb17bf2c","headline":"Prediction markets inch closer to the Supreme Court: State of Crypto","angle":"","publishedAt":"2026-09-06T18:30:00.000Z"},{"sourceName":"Cryptocurrency News | Cryptocurrency Prices | Market Cap","url":"https://cryptocurrency.com.tr/prediction-markets-inch-closer-to-the-supreme-court-state-of-crypto-367816","headline":"Prediction markets inch closer to the Supreme Court: State of Crypto","angle":"","publishedAt":"2026-09-06T18:30:00.000Z"},{"sourceName":"The Press of Atlantic City","url":"https://pressofatlanticcity.com/news/local/casinos/article_2da9da0a-4483-4000-895f-779eb47fa011.html","headline":"5 things to know about New Jersey’s bid to have the US Supreme Court rule on prediction markets","angle":"","publishedAt":"2026-09-06T08:30:00.000Z"},{"sourceName":"Las Vegas Review-Journal","url":"https://reviewjournal.com/business/casinos-gaming/nevada-regulators-double-down-on-prediction-market-fight-as-kalshi-vows-to-keep-battling-3882367","headline":"Nevada regulators double down on prediction market fight as Kalshi vows to keep battling","angle":"","publishedAt":"2026-09-05T00:21:17.000Z"},{"sourceName":"Finance Magnates | Financial and business news","url":"https://financemagnates.com/fintech/federal-courts-now-disagree-on-kalshis-sports-contracts-new-jersey-wants-the-supreme-court-to-settle-the-fight","headline":"Federal Courts Now Disagree on Kalshi’s Sports Contracts. New Jersey Wants the Supreme Court to Settle the Fight","angle":"","publishedAt":"2026-09-04T19:15:00.000Z"},{"sourceName":"大纪元 Epoch Times","url":"https://epochtimes.com/b5/26/9/4/n14843015.htm","headline":"New Jersey High Court Hears Controversy over Market Regulation Forecasting.","angle":"","publishedAt":"2026-09-04T18:26:30.611Z"},{"sourceName":"Startup Fortune","url":"https://startupfortune.com/new-jersey-asks-the-supreme-court-to-decide-kalshis-sports-betting-fate","headline":"New Jersey Asks the Supreme Court to Decide Kalshi's Sports Betting Fate","angle":"","publishedAt":"2026-09-04T01:06:14.000Z"},{"sourceName":"altondrewtrades.blog","url":"https://altondrewtrades.blog/2026/09/04/should-states-have-jurisdiction-over-sports-event-or-gambling-contracts-formed-in-their-states","headline":"Should states have jurisdiction over sports event or gambling contracts formed in their states?","angle":"","publishedAt":"2026-09-04T00:29:09.000Z"},{"sourceName":"Ars Technica","url":"https://arstechnica.com/tech-policy/2026/09/nj-urges-scotus-to-rule-that-kalshi-sports-bets-are-gambling-not-swaps","headline":"Supreme Court urged to let states regulate sports bets on prediction markets","angle":"","publishedAt":"2026-09-03T19:42:02.000Z"},{"sourceName":"The Independent","url":"https://independent.co.uk/news/world/americas/us-politics/kalshi-polymarket-supreme-court-prediction-market-b3044332.html","headline":"Kalshi won’t allow betting on Supreme Court case deciding its future","angle":"","publishedAt":"2026-09-03T18:03:53.000Z"},{"sourceName":"The Independent (US)","url":"https://the-independent.com/news/world/americas/us-politics/kalshi-polymarket-supreme-court-prediction-market-b3044332.html","headline":"Kalshi won’t allow betting on Supreme Court case deciding its future","angle":"","publishedAt":"2026-09-03T18:03:53.000Z"},{"sourceName":"FinanceFeeds","url":"https://financefeeds.com/new-jersey-asks-supreme-court-to-settle-kalshi-sports-betting-fight","headline":"New Jersey Asks Supreme Court to Rule on Kalshi Sports Bets","angle":"","publishedAt":"2026-09-03T15:21:15.000Z"},{"sourceName":"The Sun Newspapers","url":"https://thesunpapers.com/2026/09/03/new-jersey-brings-prediction-market-dispute-before-u-s-supreme-court","headline":"New Jersey Brings Prediction Market Dispute Before U.S. Supreme Court - The Sun Papers","angle":"","publishedAt":"2026-09-03T12:44:08.000Z"},{"sourceName":"Politico","url":"https://politico.com/news/2026/09/03/markets-or-gambling-the-coming-supreme-court-fight-over-prediction-markets-01062812","headline":"How a coming Supreme Court clash over prediction markets could reshape American 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Face New Test in Supreme Court Petition","angle":"","publishedAt":"2026-09-03T09:00:00.000Z"},{"sourceName":"unchainedcrypto.com","url":"https://unchainedcrypto.com/new-jersey-petitions-the-supreme-court-to-decide-whether-states-can-regulate-sports-event-contracts","headline":"New Jersey Petitions the Supreme Court to Decide Whether States Can Regulate Sports Event Contracts","angle":"","publishedAt":"2026-09-03T07:57:40.000Z"},{"sourceName":"The New York Ledger","url":"https://thenyledger.com/markets/crypto/new-jersey-officials-petition-us-supreme-court-over-prediction-markets","headline":"New Jersey Officials Petition US Supreme Court over Prediction Markets","angle":"","publishedAt":"2026-09-03T03:58:48.000Z"},{"sourceName":"NOTUS","url":"https://notus.org/courts/new-jersey-kalshi-supreme-court-petition","headline":"New Jersey Takes Its Fight Against Kalshi to the Supreme 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CoinCodeCap","angle":"","publishedAt":"2026-09-02T20:59:38.000Z"},{"sourceName":"crypto.news","url":"https://crypto.news/kalshi-sports-contracts-dispute-heads-to-supreme-court","headline":"Kalshi sports contracts dispute heads to Supreme Court","angle":"","publishedAt":"2026-09-02T20:49:06.000Z"},{"sourceName":"SBC Americas","url":"https://sbcamericas.com/2026/09/02/kalshi-sports-betting-nj-legal-case","headline":"NJ asks Supreme Court to decide if Kalshi sports betting is legal","angle":"","publishedAt":"2026-09-02T20:46:51.970Z"},{"sourceName":"Washington Times","url":"https://washingtontimes.com/news/2026/sep/2/new-jersey-wants-supreme-court-weigh-sports-betting-regulation","headline":"New Jersey wants Supreme Court to weigh in on sports betting regulation","angle":"","publishedAt":"2026-09-02T20:45:06.930Z"},{"sourceName":"jamma.it","url":"https://jamma.it/attualita/prediction-markets-il-new-jersey-porta-il-caso-kalshi-alla-corte-suprema-usa-358087","headline":"Prediction Markets, New Jersey Brings the Kalshi Case to the US Supreme Court","angle":"","publishedAt":"2026-09-02T20:27:08.000Z"},{"sourceName":"Washington Examiner","url":"https://washingtonexaminer.com/news/supreme-court/4710236/new-jersey-prediction-markets-kalshi-supreme-court","headline":"New Jersey wants to bring prediction market Kalshi to Supreme Court","angle":"","publishedAt":"2026-09-02T19:27:11.000Z"},{"sourceName":"U-S-NEWS.COM","url":"https://u-s-news.com/stock-market-new-jersey-asks-the-supreme-court-to-take-on-prediction-markets","headline":"STOCK MARKET: New Jersey asks the Supreme Court to take on prediction markets","angle":"","publishedAt":"2026-09-02T19:23:49.000Z"},{"sourceName":"New Jersey Monitor","url":"https://newjerseymonitor.com/2026/09/02/nj-supreme-court-kalshi-sports-betting","headline":"NJ wants US Supreme Court to review Kalshi’s sports markets","angle":"","publishedAt":"2026-09-02T19:22:17.000Z"},{"sourceName":"Crypto Breaking 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Court","angle":"","publishedAt":"2026-09-02T18:45:48.000Z"},{"sourceName":"Blockonomi","url":"https://blockonomi.com/supreme-court-petition-filed-over-kalshi-sports-betting-jurisdiction-battle","headline":"Supreme Court Petition Filed Over Kalshi Sports Betting Jurisdiction Battle","angle":"","publishedAt":"2026-09-02T18:20:53.000Z"},{"sourceName":"BizToc","url":"https://biztoc.com/x/86e0753bfbbb3a30","headline":"New Jersey asks Supreme Court to decide who regulates sports betting on prediction markets","angle":"","publishedAt":"2026-09-02T18:18:28.000Z"},{"sourceName":"CNBC","url":"https://cnbc.com/2026/09/02/new-jersey-asks-the-supreme-court-to-take-on-prediction-markets-.html","headline":"New Jersey asks the Supreme Court to take on prediction 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The state's attorney general stated that Congress did not intend to exempt the sports betting industry from state law. This follows conflicting rulings from two federal appeals courts.","The 3rd U.S. Circuit Court of Appeals previously found that event contracts are federal derivatives regulated by the Commodity Futures Trading Commission. However, the 9th U.S. Circuit Court of Appeals ruled that sports-related contracts are not regulated by the CFTC.","CNBC reported that the state's petition argues the circuit split justifies Supreme Court review. The platform Kalshi stated it disagrees with New Jersey's filing, asserting its status as a nationwide financial exchange not subject to state regulation."],"centre":["Centre-rated reports focused on New Jersey's petition to the Supreme Court to settle the regulatory jurisdiction over prediction markets. These reports detailed the split between the 3rd and 9th U.S. Circuit Courts of Appeals, with the 3rd Circuit classifying event contracts as federal 'swaps' and the 9th Circuit viewing sports-related contracts as akin to sports betting. The reports often quoted New Jersey Attorney General Jennifer Davenport, who stated the call for the Supreme Court to resolve the issue was to recognize that Congress did not silently make the sports-betting industry immune from state law. KIFI and other CNN-affiliated outlets reported that the case could decide if the industry can survive in its current form, noting it is the first time the nationwide legal battle has reached the Supreme Court. Reuters stated New Jersey authorities asked the U.S. Supreme Court to resolve whether states have the power to police sports betting on prediction markets. Investing.com reported New Jersey takes its fight over Kalshi's prediction market to the U.S. Supreme Court."],"right":["The New York Post led on the filing being the first Supreme Court request to address prediction‑market regulation, while the Washington Times led on the request covering a dispute over betting‑law. The Washington Examiner, U‑S‑NEWS.COM and tippinsights all noted that Attorney General Jennifer Davenport submitted a petition asking the Court to decide whether states or the federal government oversee prediction markets.","The Epoch Times and Reason highlighted that the case follows conflicting rulings from the Third and Ninth Circuits, with the Ninth Circuit having held that states may treat prediction markets as sports betting. Reason also reported that Kalshi describes itself as a prediction market, while the Washington Examiner identified Kalshi as the most popular platform offering yes‑or‑no bets on future events.","None of the right‑rated digests mention any cost estimate for potential regulation, nor do they include statements from industry representatives or consumer groups. 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