PANews reported on April 6 that, according to The Block, a panel of judges on the U.S. Third Circuit Court of Appeals ruled 2-1 that New Jersey's gaming regulator could not prevent Kalshi from offering prediction market contracts in the state. Last year, Kalshi sued New Jersey and other states over a cease and desist order prohibiting it from offering sports-related contracts. The prediction market argued that it is a federally regulated commodity exchange, belonging to the Designated Contracts Market (DCM), and that the Commodity Exchange Act supersedes state jurisdiction.

The court ruled that trading in Designated Contracts Markets (DCMs), regulated by the U.S. Commodity Futures Trading Commission (CFTC), falls under federal jurisdiction, and New Jersey has no right to block the offering of such products. Kalshi CEO Tarek Mansour called the ruling a "major victory," stating that the prediction market now offers greater transparency and fairness.