Prediction market Kalshi refuses to let users bet on the outcome of the New Jersey lawsuit against it at the US Supreme Court. This decision follows company policy that prohibits creating a market it could influence, even though it represents the biggest risk to its business. Two appeals courts have issued conflicting rulings on sports prediction market regulation, prompting New Jersey to petition the Supreme Court to decide on jurisdictional authority. Michigan also banned Kalshi from offering event contracts to its residents, threatening a 500,000-dollar daily fine for violating the preliminary injunction.
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