New Jersey Supreme Court petition on prediction markets stories

Sep 4, 2026

Kalshi launches perpetual contracts for BNB, Cardano, and other cryptocurrencies for U.S. traders

CFTC-regulated platform Kalshi expanded its cryptocurrency derivatives offerings on September 4 by launching perpetual futures contracts for BNB, Cardano, Worldcoin, Aave, and Venice Token, making these tokens available as regulated derivative products for eligible U.S. traders. The move comes as the CFTC asked a federal court to dismiss CME's challenge to Kalshi's Bitcoin perpetual contract.

Sep 4, 20263 sources

Sep 3, 2026

Michigan court blocks Kalshi from operating in state as New Jersey seeks Supreme Court review

A Michigan state court issued a preliminary injunction barring prediction-market platform Kalshi from offering services in the state, with Judge Rosemarie Aquilina threatening a $500,000 daily fine. Separately, New Jersey filed a petition for Supreme Court review seeking clarity on regulatory authority over prediction markets.

Sep 3, 20262 sources

Sep 2, 2026

New Jersey petitions Supreme Court over prediction market regulation

New Jersey became the first state to petition the US Supreme Court to rule on how prediction markets should be regulated, asking whether states can classify platforms like Kalshi and Polymarket as gambling. The petition follows a two-year legal battle.

Sep 2, 20264 sources