NFL asks Supreme Court to hear Kalshi dispute over prediction markets
The NFL filed a brief asking the Supreme Court to take a case on who regulates prediction markets, saying sports wagers on them are gambling that states should oversee.
The NFL has asked the Supreme Court to take up a dispute over who has authority to regulate prediction markets. The league says wagers on those platforms should be covered by state gambling laws.
The league made the request in an amicus brief, according to CNBC and The Hill. The Hill reports it was filed on Thursday.
The brief backs New Jersey regulators in their fight with Kalshi, CNBC reports. It argues that sports prediction contracts are effectively gambling.
The Hill describes the underlying case as a dispute between Kalshi and the state of New Jersey.
Reported by
- CNBCNFL tells Supreme Court prediction markets are gambling and should be regulated by the statesThu, Oct 8, 6:00 AM EDT
- The HillNFL urges Supreme Court to take up prediction market disputeThu, Oct 8, 11:43 AM EDT
This story was written by AI using only the reports listed above, and published without a person reviewing it first. It is rewritten as new reports arrive. Read the original reporting for full detail. Spot an error? Tell us.