NFL & Casinos Press Prediction Markets Crackdown
A call for a prediction markets crackdown has intensified as sports leagues, casino operators, and lawmakers push back against federal regulatory proposals. The NFL and the Casino Association of New Jersey submitted comments urging the U.S. Commodity Futures Trading Commission to block financial platforms from offering sports event contracts. Traditional gaming companies argue that federally regulated derivatives platforms such as Kalshi and Polymarket bypass state gambling laws, threatening established state and tribal regulatory authority across the country. The American Gaming Association estimates that state governments have lost more than $1 billion in tax revenues due to the expansion of federally... The post NFL & Casinos Press Prediction Markets Crackdown appeared first on This Week in Gambling.
A call for a prediction markets crackdown has intensified as sports leagues, casino operators, and lawmakers push back against federal regulatory proposals. The NFL and the Casino Association of New Jersey submitted comments urging the U.S. Commodity Futures Trading Commission to block financial platforms from offering sports event contracts. Traditional gaming companies argue that federally regulated derivatives platforms such as Kalshi and Polymarket bypass state gambling laws, threatening established state and tribal regulatory authority across the country. The American Gaming Association estimates that state governments have lost more than $1 billion in tax revenues due to the expansion of federally...
The post NFL & Casinos Press Prediction Markets Crackdown appeared first on This Week in Gambling.
