NFL Sides With States Against Kalshi in Supreme Court Prediction Market Fight
60-second summary
The NFL urges the Supreme Court to settle a circuit split on whether states may regulate sports‑related contracts in prediction markets, arguing they constitute gambling rather than federally‑overseen swaps. Kalshi, a regulated U.S. prediction‑market platform, faces potential bans in several states, which could curtail market growth and limit investors’ access to sports‑betting derivatives.
The NFL urged the Supreme Court to resolve a circuit split over whether states can regulate sports contracts on prediction markets, arguing they're gambling, not federally regulated swaps.