NFL is urging the Supreme Court to let states regulate sports prediction markets as gambling
The NFL has filed an amicus brief with the Supreme Court supporting New Jersey regulators in their legal battle against Kalshi. The league argues that sports prediction markets should be classified as gambling rather than financial instruments.
Why it matters
The outcome of this case could set a significant legal precedent for how prediction markets are regulated and whether they fall under federal financial oversight or state-level gambling laws.
The league filed an amicus brief backing New Jersey regulators against…
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