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Third Circuit · April 6, 2026

Third Circuit Upholds Injunction Against New Jersey Sports Gambling Enforcement, Ruling CFTC Has 'Exclusive Jurisdiction' Over Kalshi Event Contracts

Circuit Judge Porter, writing for a 2-1 panel joined by Chief Judge Chagares, on Monday held that the Commodity Exchange Act preempts New Jersey gambling laws from reaching sports-related event contracts traded on federally licensed derivatives markets, fin...