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NFL tells Supreme Court prediction markets are gambling and should be regulated by the states
The league says $1.8 billion in NFL-related trading on one Sunday shows why state gaming regulators should police prediction markets.
- The National Football League is urging the Supreme Court to confirm states maintain control over sports betting, arguing prediction markets like Kalshi are effectively gambling rather than federally regulated financial swaps.
- Concerns regarding bet manipulation prompt the league to note that Kalshi allows bettors as young as 18 while the NFL insists on a minimum age of 21.
- Arguing that "regulating gambling is among states' sovereign police powers," the league claims that given the Commodity Futures Trading Commission's resource constraints, oversight is best left to individual states.
- Football accounted for $1.8 billion in prediction markets trading on the season's first Sunday, though the NFL maintains an advertising ban unlike the NHL and MLB, which have established partnerships.
- Commissioner Roger Goodell emphasized the league's need for stronger protections, stating, "We don't feel like we have to be the first in this. We feel like we're going to be right.
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NFL backs Supreme Court review in betting oversight case
By Angelica Medina Oct 8 (Reuters) - The National Football League on Thursday backed New Jersey officials' request for US Supreme Court review of a dispute over whether federal regulators or states should oversee sports-related prediction-market contra...
NFL Says States Should Regulate Prediction Markets
“The National Football League wants state regulators, not the federal government, to oversee and regulate prediction markets such as Kalshi, the league wrote in a Supreme Court filing Thursday,” the Washington Sun reports.
·New York, United States
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Coverage Details
Total News Sources75
Leaning Left16Leaning Right12Center23Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 31%
C 45%
R 24%
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