ksqlDb Unable to verify if the value schema for topic is compatible with ksqlDB

Question

I'm trying to create a new stream and topic with ksqlDb

CREATE STREAM valid_deals (
    dealId BIGINT KEY
) WITH (
    KAFKA_TOPIC='valid_deals',
    PARTITIONS=4,
    REPLICAS=3,
    VALUE_FORMAT='JSON_SR',
    VALUE_SCHEMA_ID=434
);

I'm using a value format from schema registry which is causing issues. When I run the above statement I get this error:

Unable to verify if the value schema for topic: valid_deals, schema id: 434 is compatible with ksqlDB.
Reason: Unsupported schema type org.everit.json.schema.EmptySchema

After which it logs the entire schema - I've run the printed schema through org.everit.json.schema to verify it's valid and it is indeed valid. So I truly don't believe this should be an issue with the schema itself.