NFL tells Supreme Court prediction market sports contracts are gambling, not swaps
60-second summary
The NFL files an amicus brief urging the Supreme Court to hear New Jersey’s challenge, arguing that Kalshi’s sports‑related contracts function as gambling rather than CFTC‑regulated swaps, and therefore fall outside federal commodities law; the league’s stance could reshape how prediction‑market platforms are classified, potentially limiting future crypto‑based betting products.
The NFL filed an amicus brief urging the Supreme Court to hear New Jersey's case, arguing Kalshi's sports contracts are gambling, not CFTC-regulated swaps.