NFL asks Supreme Court to settle US sports prediction market jurisdiction
By SectorWire desk · · Updated
Summary
The NFL has submitted an amicus brief supporting New Jersey’s bid to bring sports prediction market oversight before the US Supreme Court. The league wants clarification on the division of authority between the CFTC and state gambling regulators. Kalshi supports nationwide federal rules, while the court is not expected to announce whether it will take the case before December.
Why it matters
The dispute could determine whether sports prediction market operators must comply with state gambling laws or federal oversight.