Casino Association of New Jersey asks CFTC to block sports prediction contracts
The Casino Association of New Jersey asked the US Commodity Futures Trading Commission (CFTC) to prevent federally regulated prediction markets from offering sports-related contracts, arguing they could displace state and tribal gaming authority. Kalshi rejected the association’s characterisation of the sector, while FanDuel sought clarity on the proposed rules and the NFL called for stronger protections for sporting-event integrity.
The CFTC’s decision could affect prediction-market competition, state and tribal gaming authority, and protections for sporting-event integrity.