Ninth Circuit Ruling Sets Up a Kalshi Supreme Court Fight on Sept. 3

Crypto Insight Summary: New Jersey has until Thursday to ask the U.S. Supreme Court to review a Third Circuit decision protecting Kalshi’s sports event contracts from state gambling law. On Friday, a federal appeals court in San Francisco decided the same question the opposite way, handing the state the circuit split it told Justice Samuel Alito in June […] Crypto Insight Analysis: Direction: Neutral Impact: No Impact Horizon: Short-term (1-3 days) Reasoning: Court case on Kalshi's contracts is unrelated to crypto markets.