Sports Markets Are Heating Up

Part IX: Kalshi goes global, courts go local: The preemption puzzle deepens

Oct 16 • 

New Finance Institute

Sports Markets Are Heating Up

Part VIII: Preemption, swaps, sports futures & the CFTC’s tightrope

Oct 9 • 

New Finance Institute

September 2025

Sports Markets Are Heating Up

Part VII: From courtrooms to boardrooms—betting on the future of sports markets

Sep 26 • 

New Finance Institute

Sports Markets Are Heating Up

Part VI: Parsing the state law prong of the Maryland decision

Sep 4 • 

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August 2025

Sports Markets Are Heating Up

Part V: Why the Maryland decision may not hold up

Aug 27 • 

New Finance Institute

Sports Markets Are Heating Up

Part IV: Maryland struck the match. The fuse is burning.

Aug 20 • 

New Finance Institute

Sports Markets Are Heating Up

Part III: Kalshi stumbles in Maryland—Will SCOTUS be the final referee?

Aug 15 • 

New Finance Institute

July 2025

Sports Markets Are Heating Up

Part II - Tribal gaming vs. prediction markets: The false advertising claim that might actually stick

Jul 25 • 

New Finance Institute

2

Sports Markets Are Heating Up

Part I - Not a game: The legal fault line beneath daily fantasy sports

Jul 25 • 

New Finance Institute

2

The Fantasy That Fooled America

Daily fantasy sports is not a game

Jul 10 • 

New Finance Institute

3

Kalshi vs. the States: When Jurisdiction Becomes a Battleground

Why Kalshi’s ‘Nobody Pulled Me Over’ Argument Risks Rewriting the Rules of Sports Gambling

Jul 3 • 

New Finance Institute

1

June 2025

NFI Files Amicus Brief in KalshiEX, LLC v. Mary Jo Flaherty, et al. - United States Court of Appeals for the Third Circuit

In support of neither party, urging reversal

Jun 25 • 

New Finance Institute

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