Latest

Checked Oct. 21, 2026

Supreme Court

Flaherty v. KalshiEX, LLC

Supreme Court of the United States, 26-299

Cert petition pending

Petition pending; Kalshi's brief in opposition is due Nov. 9, 2026 after a clerk's extension. Eleven amicus briefs were filed from Sept. 22, 2026 through Oct. 8, 2026. The petition has not been distributed for conference.

The question

Whether the Commodity Exchange Act preempts New Jersey gambling or sports-wagering law as applied to event contracts listed on a CFTC-designated contract market.

New Jersey gaming officials asked the Supreme Court to review the Third Circuit's 2-1 ruling for Kalshi, pointing to the contrary results reached by the Ninth and Sixth Circuits on whether federal commodities law displaces state gambling regulation of sports event contracts. Amici on the docket include Ohio with 38 other states and D.C., gaming regulators, 145 tribes, the NFL, the American Gaming Association and former CFTC Chairman Gary Gensler. The Court has not acted on the petition.

Open questions

Resolved

  1. Will the Third Circuit keep Kalshi's injunction against New Jersey in place?

    A divided panel affirmed the preliminary injunction, 2-1. New Jersey has asked the Supreme Court to review it. Third Circuit No. 25-1922. Source: Opinion

    Yes

Docket timeline

  1. Amicus briefs filed by the NFL, the American Gaming Association, 145 tribes, the Casino Association of New Jersey, former Sen. Christopher Dodd and former CFTC Chairman Gary Gensler.

    Source: supremecourt.gov

  2. Amicus briefs filed by Ohio with 38 states and D.C., and by Stop Predatory Gambling and others.

    Source: supremecourt.gov

  3. Clerk grants Kalshi's Sept. 18, 2026 motion and extends its response deadline from Oct. 8, 2026 to Nov. 9, 2026; first amicus brief filed (National Council of Legislators from Gaming States).

    Source: supremecourt.gov

  4. Petition docketed as No. 26-299.

    Source: supremecourt.gov

  5. Petition for certiorari filed.

    Source: supremecourt.gov

  6. Justice Alito grants a second extension (requested July 22, 2026) to Sept. 3, 2026.

    Source: supremecourt.gov

  7. Justice Alito extends the deadline to Aug. 4, 2026.

    Source: supremecourt.gov

  8. New Jersey applies (No. 25A1465) to extend the filing deadline.

    Source: supremecourt.gov

  9. Third Circuit judgment under review (No. 25-1922).

    Source: supremecourt.gov

Sources

  1. Supreme Court docket No. 26-299
  2. New Jersey cert petition, No. 26-299 (PDF)
  3. MLex: NJ urges justices to resolve Kalshi sports betting split
  4. Amicus brief docketed 2026-10-07 in No. 26-299 (PDF)
  5. DeFi Rate prediction market lawsuit tracker (updated 2026-10-20)
  6. Vultax prediction market lawsuit tracker (updated 2026-10-19)