NFL urges Supreme Court to decide who should regulate prediction markets

The NFL has filed an amicus brief urging the U.S. Supreme Court to clarify whether prediction markets should be regulated by the federal Commodity Futures Trading Commission (CFTC) or by individual states. The league supports a petition by New Jersey, arguing that prediction markets effectively function as sports gambling and should be subject to state-level oversight. The NFL expresses concern that current federal oversight is insufficient to protect game integrity and consumers, while operators like Kalshi and Polymarket maintain that federal regulation is active and preferable to a patchwork of state laws.

The NFL has filed an amicus brief urging the U.S. Supreme Court to clarify whether prediction markets should be regulated by the federal Commodity Futures Trading Commission (CFTC) or by individual states. The league supports a petition by New Jersey, arguing that prediction markets effectively function as sports gambling and should be subject to state-level oversight. The NFL expresses concern that current federal oversight is insufficient to protect game integrity and consumers, while operators like Kalshi and Polymarket maintain that federal regulation is active and preferable to a patchwork of state laws.