The October sitting so far
The league said $1.8 billion of $3.3 billion traded on the NFL season’s first Sunday involved football-related contracts.
- A bipartisan coalition of 40 states and the National Football League asked the Supreme Court to intervene in the battle over sports prediction markets, challenging whether they are federal financial products or state-controlled gambling.
- Ohio led the brief arguing that courts are "hopelessly confused and divided" over whether the Commodity Exchange Act overrides state sports-gambling laws, as litigation has proliferated across numerous federal circuits.
- Football accounted for $1.8 billion of the $3.3 billion traded on prediction markets on the first Sunday of the season, with the NFL arguing such betting "threatens game integrity" through potential insider manipulation.
- The NFL pushes for a minimum age of 21 for sports prediction trading, arguing these contracts are gambling, while Kalshi contends they are financial products and permits customers as young as 18.
- A Supreme Court ruling could determine whether the rapidly growing industry remains under federal financial regulation or falls into the state-by-state gambling system governing traditional sportsbooks, rejecting the Trump-era federalist approach.
16 Articles
16 Articles
NFL, states huddle up on New Jersey’s quest to have Supreme Court rule on prediction markets
The National Football League and 40 states are backing New Jersey’s request to have the U.S Supreme Court decide whether prediction market companies like Kalshi can take bets on sporting events without following state gambling laws.
NFL Sides With States in Prediction Market Battle
The NFL is sitting with 40 states against the Trump administration's stance on prevention markets. In a briefing backing New Jersey's appeal to the Supreme Court, the League sought justices to set who sets the rules for prevention markets: Washington regulators or individual states, CBS News reports. The League wars...
Capitol Fa - Your Illinois News Radar » Illinois, other states urge Supreme Court to take up prediction market regulationCapitolFax.com
* Bloomberg… Prediction market providers and the US derivatives regulator secured a win in Illinois federal court over sports event contracts, bucking a recent losing streak for the multibillion-dollar industry on a nationwide dispute that appears to be racing toward the US Supreme Court. […] The latest ruling even creates a split within the Seventh Circuit, as [...]
The NFL is urging the Supreme Court to rule on prediction markets like Kalshi and Polymarket
The NFL is urging the Supreme Court to rule on the regulation of prediction markets after the league accounted for $1.8 billion in trading volume on the first Sunday of this season alone, arguing that states are better positioned to oversee sports-related contracts “given the current landscape.”The NFL filed a brief Thursday in support of New Jersey’s request for a high court decision on the governing authority for prediction markets, which prov…
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