NFL urges Supreme Court to rule prediction markets are gambling apps

The NFL has filed an amicus brief with the Supreme Court, joining New Jersey and nearly 40 other states in arguing that prediction markets like Kalshi and Polymarket should be regulated as gambling entities rather than securities. The league contends that these platforms, currently overseen by the CFTC, present risks to sports integrity, including potential match manipulation and insider trading. While other major sports leagues like the MLB and NHL have formed partnerships with these platforms, the NFL maintains a ban on such deals and advocates for a minimum betting age of 21 and state-level taxation similar to traditional casinos. Both Kalshi and Polymarket have defended their regulatory compliance and integrity measures, arguing for a unified federal framework over a 'patchwork' of state laws.

The NFL has filed an amicus brief with the Supreme Court, joining New Jersey and nearly 40 other states in arguing that prediction markets like Kalshi and Polymarket should be regulated as gambling entities rather than securities. The league contends that these platforms, currently overseen by the CFTC, present risks to sports integrity, including potential match manipulation and insider trading. While other major sports leagues like the MLB and NHL have formed partnerships with these platforms, the NFL maintains a ban on such deals and advocates for a minimum betting age of 21 and state-level taxation similar to traditional casinos. Both Kalshi and Polymarket have defended their regulatory compliance and integrity measures, arguing for a unified federal framework over a 'patchwork' of state laws.