NFL Asks Supreme Court to Back State Prediction Market Rules
The NFL has asked the U.S. Supreme Court to preserve state authority over sports-related prediction markets, arguing that contracts tied to game outcomes should be regulated like sports betting. The league filed an amicus brief supporting New Jersey in its dispute with Kalshi. The case concerns whether federal commodities law gives the Commodity Futures Trading Commission exclusive authority over sports event contracts or whether states can apply gambling laws to those products. The NFL said prediction-market activity tied to football […] The post NFL Asks Supreme Court to Back State Prediction Market Rules appeared first on World Casino News.
The NFL has asked the U.S. Supreme Court to preserve state authority over sports-related prediction markets, arguing that contracts tied to game outcomes should be regulated like sports betting. The league filed an amicus brief supporting New Jersey in its dispute with Kalshi. The case concerns whether federal commodities law gives the Commodity Futures Trading Commission exclusive authority over sports event contracts or whether states can apply gambling laws to those products. The NFL said prediction-market activity tied to football […]
The post NFL Asks Supreme Court to Back State Prediction Market Rules appeared first on World Casino News.
