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3rd Circ. Backs Kalshi In Prediction Markets Battle With NJ

Photo illustration shows the Kalshi logo on a smartphone in the foreground and a line chart on a smartphone in the background

By George Woolston

A split Third Circuit panel on Monday backed a lower court's order blocking New Jersey from enforcing a sports gambling ban on trading platform KalshiEx, with the dissenting judge calling Kalshi's actions a "performative sleight" meant to hide that its products are sports gambling.


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