The Supreme Court Might Let States Rein in Prediction Markets — Now the NFL Supports a Crackdown

The Supreme Court might let states rein in prediction markets — now the NFL supports a crackdown

Certain types of bets shouldn't be allowed, and the NFL says it knows which ones cause the most corruption.The league is so sure, in fact, it wants the Supreme Court to weigh in on the regulatory issues surrounding prediction markets.'The NFL's highest priority is preserving the integrity of its games.'In September, New Jersey Attorney General Jennifer Davenport asked the Supreme Court of the United States to review a court decision that puts pr…

On prediction markets, let’s take it to court

The NFL told the Supreme Court last Thursday that it’s “well established — that regulating gambling is among states’ sovereign police powers — What constitutional power allows Congress to override states’ traditional police powers to regulate intrastate gambling?” The league’s brief landed a day after 39 states and the District of Columbia urged the Supreme […]

Prediction Markets in Europe: Why a US Supreme Court Win Will Not Reopen the EU

The NFL and the attorneys general of 39 states and the District of Columbia have filed briefs urging the US Supreme Court to hear New Jersey’s petition against Kalshi, and with it the question of whether a prediction market is gambling. For prediction markets in Europe that question has already been answered, by national regulators…

NFL asks Supreme Court to resolve appeals court split over sports prediction market oversight

The NFL has asked the US Supreme Court to resolve a split among federal appeals courts over the regulation of sports prediction markets. The Third Circuit accepted Kalshi's argument that its sports contracts fall within the exclusive jurisdiction of the Commodity Futures Trading Commission (CFTC). The Sixth and Ninth Circuits reached the opposite conclusion. Two legal questions before the...

Will the NFL’s Prediction Market Push Influence Supreme Court?

The influence of an amicus brief depends entirely on the weight a court chooses to give it. An amicus brief, a legal document filed by a party not directly involved in the case, can be treated as a game-changer, be ignored altogether or fall somewhere in between. Odds are amicus briefs filed last Friday by […]