New Jersey cannot regulate Kalshi's prediction market, US appeals court rules

The provided sector context is for the auto sector, which is unrelated to the news about US prediction markets. Therefore, there is no relevant market context for this specific news.

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• •A federal appeals court ruled that New Jersey gaming regulators cannot prevent Kalshi from allowing people to use its prediction market.
• •The ruling pertains to financial bets on the outcome of sporting events in New Jersey, USA.