By SectorWire desk ·
The NFL sent prediction market operators another letter on Thursday requesting the removal of bets it considers objectionable. The request concerns contracts linked to NFL games.
Prediction market operators face another NFL request to remove game-linked contracts it considers objectionable.
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The request concerns states’ authority to regulate prediction market operators in the United States.
The suit contests state authority over Underdog’s prediction market and follows a ruling against Kalshi.
The dispute concerns whether federal commodities regulators or gambling authorities should oversee sports contracts, affecting prediction market oversight.
Prediction market regulation faces scrutiny through 39 states’ Supreme Court filing and the NFL’s call for clarity.
The NFL seeks gambling classification for prediction-market apps, citing sporting integrity concerns, unclear rules and limited sports wagering oversight.
The dispute could determine whether sports prediction market operators must comply with state gambling laws or federal oversight.