First challenge to prediction markets reaches Supreme Court

First challenge to prediction markets reaches Supreme Court

New Jersey on Wednesday asked the Supreme Court to shut down prediction markets in the state, teeing up a potential landmark case where the justices could decide if the highly popular but controversial industry can survive in its current form.

New Jersey asks U.S. Supreme Court to decide whether prediction markets can bypass state sports betting laws - WRNJ Radio

TRENTON, N.J. — New Jersey Attorney General Jennifer Davenport has asked the U.S. Supreme Court to decide whether prediction markets can offer sports wagers without complying with state gambling laws, …