New Jersey asks Supreme Court to review prediction markets
By The BriefBrief
New Jersey petitioned the U.S. Supreme Court to review a ruling affecting prediction markets and whether states or the federal government regulate them. The petition seeks review of an April decision from the 9th U.S. Circuit Court of Appeals that treated sports-event contracts as federally regulated derivatives under the CFTC.
WHO:Jennifer Davenport, New Jersey attorney general; New Jersey
WHAT:New Jersey filed a petition asking the Supreme Court to take up a case on oversight of prediction markets and sports-event contracts.
WHEN:Reported Sep 2, 2026 at 5:05 PM ET
WHERE:USA
WHY:To have the Supreme Court resolve whether Congress made sports-betting industry event contracts immune from state law and clarify whether regulation falls under federal oversight by the CFTC.
