New Jersey Seeks Supreme Court Review in Prediction Market Dispute

New Jersey's top legal and gaming enforcement officials have asked the US Supreme Court to review a dispute over prediction markets.

The case centers on whether state regulators can enforce gambling rules when a platform argues it is operating under a federal framework.

Attorney General Jennifer Davenport and Mary Jo Flaherty, interim director of the New Jersey Division of Gaming Enforcement, filed a petition for a writ of certiorari on Wednesday.

The petition asks the Supreme Court to address whether the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act preempts states from regulating sports bets occurring within their jurisdictions when those bets are offered on markets registered with the CFTC.