By SectorWire desk · · Updated
The NFL has asked the US Supreme Court to allow states to regulate prediction markets. Its position challenges federal treatment of contracts linked to sports.
The NFL’s request supports state regulation of prediction markets and challenges federal treatment of sports-linked contracts.
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The request concerns states’ authority to regulate prediction market operators in the United States.
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 suit contests state authority over Underdog’s prediction market and follows a ruling against Kalshi.