NFL Urges Supreme Court to Treat Prediction Markets as Gambling, Backing State Oversight
The National Football League has told the U.S. Supreme Court that sports prediction contracts are effectively gambling and should be regulated by states, sharpening a high-stakes legal fight over the fast-growing market for event-based trading. In an amicus brief supporting New Jersey regulators in their dispute with Kalshi, the league argued that allowing such contracts to operate outside state gambling laws would undermine long-standing protections around sports wagering.
