By SectorWire desk · · Updated
The report said that 39 states filed an amicus brief with the Supreme Court concerning prediction markets. The NFL also called for clarity on prediction markets.
Prediction market regulation faces scrutiny through 39 states’ Supreme Court filing and the NFL’s call for clarity.
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The access restrictions affect how prediction-market platforms can serve users in Taiwan amid enforcement over election-related betting.
The suit contests state authority over Underdog’s prediction market and follows a ruling against Kalshi.
Coinbase must suspend Michigan prediction markets while Michigan withholds enforcement during compliance and related appeals.
Kalshi retains preliminary protection from Illinois gambling enforcement, while wager-related fees remain subject to further briefing.
The dispute concerns whether federal commodities regulators or gambling authorities should oversee sports contracts, affecting prediction market oversight.
The NFL seeks gambling classification for prediction-market apps, citing sporting integrity concerns, unclear rules and limited sports wagering oversight.