CNBC
02 Sept 2026, 17:55 UTC · 2h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
Analysis by Kasper Rasmussen · Founder & analyst
What the story claims
3 claims · each scored for market impact
New Jersey has petitioned the Supreme Court to determine if prediction markets fall under state sports-betting laws or federal CFTC oversight. — A Supreme Court ruling would create a definitive national regulatory framework, either empowering states to tax/regulate or leaving oversight to a single federal agency.
+0.60The 3rd Circuit Court of Appeals and the 9th Circuit Court of Appeals have issued contradictory rulings on whether event contracts are CFTC-regulated swaps. — Legal inconsistency increases regulatory risk and uncertainty for operators like Kalshi and Crypto.com.
+0.40Shares of DraftKings and Flutter Entertainment rose over 5% following New Jersey's petition to the Supreme Court. — The market perceives a win for state oversight as a positive for established licensed gambling operators.
+0.30Which stocks this story touches
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Shares rose over 5% following New Jersey's petition to ensure state-level oversight of prediction markets.
Shares rose over 5% as the legal challenge protects the state-regulated sports betting industry from federal preemption.
Mentioned only as a source of legal analysis regarding the Supreme Court's potential timeline.
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