By SectorWire desk · · Updated
The report said that the NFL petitioned the United States Supreme Court over state oversight of prediction markets. The league wants states to have authority to regulate those markets.
The request concerns states’ authority to regulate prediction market operators in the United States.
Request a correction / right of reply
Linked through shared companies, regulators and people, or one step further through the graph.
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.
The case and lawsuit could affect how sports event contracts operate and how Florida’s gaming compact applies to DraftKings’ platform.
The case could affect whether states can regulate sports prediction markets and the safeguards operators face.
The NFL’s request supports state regulation of prediction markets and challenges federal treatment of sports-linked contracts.
The suit contests state authority over Underdog’s prediction market and follows a ruling against Kalshi.