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New Jersey Loses Bid to Shut Down Kalshi Sports Contracts After Federal Appeal

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New Jersey Loses Bid to Shut Down Kalshi Sports Contracts After Federal Appeal
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TL;DR:

A federal appeals court ruled Monday that New Jersey cannot use state gambling law to shut down Kalshi’s sports prediction market, handing the federally regulated platform a significant legal win. Key Takeaways: A Third Circuit appeals court ruled 2-1 on April 6, 2026, that federal law blocks New Je...

Key Points:

  • New Jersey Loses Bid to Shut Down Kalshi Sports Contracts After Federal Appeal
  • Background:

    Bitcoin is the first and largest cryptocurrency by market capitalization, often viewed as digital gold and a store of value.

    Why It Matters:

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