NFL urges the Supreme Court to rule on prediction markets, backing state oversight against Kalshi
Summary
The NFL urged the U.S. Supreme Court on Thursday to take up the legal battle over the regulation of prediction markets, arguing in an amicus brief that states are better positioned to oversee sports-related contracts 'given the current landscape'. The brief supports New Jersey regulators in their battle against Kalshi and argues that sports prediction contracts are effectively gambling, CNBC reported. Fortune said the league, which wants clarity 'before another NFL season goes by' to preserve game integrity, is breaking with other leagues on prediction markets.
Latest: The NFL filed an amicus brief urging the Supreme Court to rule on prediction markets, supporting New Jersey regulators against Kalshi and arguing that states are better positioned to oversee sports-related contracts.
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How it unfolded
Thursday 8 October
The NFL filed an amicus brief urging the Supreme Court to rule on prediction markets, supporting New Jersey regulators against Kalshi and arguing that states are better positioned to oversee sports-related contracts.
- 16:20The Philadelphia InquirerNFL urges the Supreme Court to rule on regulation of prediction markets
- 16:13FortuneNFL urges Supreme Court to back state gambling rules—breaking with other leagues on prediction markets
- 16:06CBS NewsNFL urges Supreme Court to decide who should regulate prediction markets
- 15:46ABC NewsNFL urges the Supreme Court to rule on regulation of prediction markets
- 10:25ESPNNFL asks SCOTUS to take up prediction market case
- 06:00CNBCNFL tells Supreme Court prediction markets are gambling and should be regulated by the states