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KalshiEX LLC v. Assad

Texas Muslim Students' Association (Statewide)
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KalshiEX LLC v. Assad

that sports event contracts are not “swaps” under the Commodity Exchange Act and that federal law does not preempt state gambling regulation — the opposite of what the Third Circuit held in April. New Jersey petitioned the U.S. Supreme Court to resolve the split on 2 September 2026; the Court has not yet agreed to hear it. Meanwhile the one lawful casino floor Texans can visit in person grew: the Alabama-Coushatta Tribe opened Naskila Casino Leggett on 25 August 2026, a 24-hour Class II hall wit

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