Law360 Highlights Zimmer, Citron & Clarke's Role in Supreme Court Prediction Markets Dispute
Law360 reported on a U.S. Supreme Court case concerning whether federally regulated prediction markets such as Kalshi can offer sports betting contracts without complying with state gambling laws. New Jersey has asked the Supreme Court to resolve a split among federal appeals courts over whether federal commodities law preempts state gambling regulations.
Zimmer, Citron & Clarke LLP represents 145 Indian tribes and tribal organizations in an amicus brief supporting New Jersey's petition. The brief addresses the significant implications of the dispute for tribal sovereignty and the tribal gaming industry.
The case raises important questions about the boundaries of federal regulatory authority and the ability of states and tribal governments to regulate gambling.
