Kalshi Chief Executive Officer Tarek Mansour said a CFTC (U.S. derivatives regulator) rule revision could emerge in the coming weeks or months and affect the platform’s lawsuit with state governments. The dispute centers on whether states can regulate sports event contracts offered by a CFTC-registered exchange as sports betting. New Jersey asked the U.S. Supreme Court on September 2 to hear the case, while Kalshi plans to file its opposition within 30 days. The CFTC proposed in June replacing its blanket ban on event contracts linked to gaming activities, including sports, with case-by-case reviews based on the public interest. The proposal would classify sports as gaming while potentially allowing many contracts tied to game outcomes. Mansour said a Ninth Circuit Court of Appeals ruling had increased legal uncertainty and that new CFTC rules could clarify the issues.