Picture it: Prediction markets like Kalshi, platforms which allow users to make "predictions" on almost anything for financial gain, platforms which are plagued with accusations of insider trading , are actually regulated by U.S. state governments under gambling laws. It could be a future possibility, if the Supreme Court could be convinced to make it happen. As reported by The Hill , multiple states have filed petitions to enforce sports gambling laws on Kalshi and platforms like it, including New Jersey and Nevada, which are respectively home to gambling hubs Atlantic City and Las Vegas. And the outcomes of each case could potentially see the eventual involvement of the Supreme Court. SEE ALSO: France orders Polymarket blocked over illegal gambling promotion In the U.S., each state regulates its own gambling laws, including sports betting, which is legal in 39 states and Washington DC as of May 2026. However, Kals...