NFL Asks Supreme Court to Rule Prediction Markets Are Gambling Apps
The NFL filed a Supreme Court brief arguing prediction markets like Kalshi should be regulated as gambling apps.Summary
The NFL has filed an amicus brief with the Supreme Court supporting New Jersey and 40 other states in their effort to classify prediction markets such as Kalshi as gambling apps subject to state regulation. The league argues that these platforms, which allow sports betting, should face restrictions like a minimum age of 21 and state taxes. The NFL is particularly concerned about insider trading, citing the risk that players could intentionally affect game outcomes to manipulate markets. On the first Sunday of the season, NFL-related trading accounted for $1.8 billion, more than half of all prediction market activity. Kalshi and Polymarket defend their operations, stating they already face heavy federal oversight by the CFTC and are committed to market integrity, with partnerships across major sports leagues. While the NHL, UFC, MLS, and MLB have partnered with prediction markets, the NFL, PGA, and NBA have avoided involvement, with NFL Commissioner Roger Goodell emphasizing a patient approach.
(Source：Breitbart News Network)