SCOTUS should weigh in on predictions markets, says New Jersey AG who wants to shut down sites like Kalshi, Polymarket

New Jersey has asked the U.S. Supreme Court to weigh in for the first time on the regulation of prediction markets such as Kalshi and Polymarket. The request could provide a pathway for New Jersey to shut down these platforms within the state. Near-term market impact is likely limited to sentiment and regulatory risk pricing for the affected operators rather than broad macro moves.