NFL Implores US Supreme Court to Rule Prediction Markets Are Gambling
Photo: GamblingNews
The National Football League (NFL) is asking the US Supreme Court to classify prediction markets as gambling apps, citing concerns about the game’s integrity due to unclear rules and limited regulatory oversight of sports wagering. NFL Submits an Amicus Brief to the Supreme Court The league submitted an amicus brief in a legal battle between Kalshi and New Jersey , which has asked the Supreme Court to resolve the issue amid conflicting appeals court rulings. The Commodity Futures Trading Commission (CFTC) currently regulates prediction markets as securities trading platforms.
Also reported by Legal Sports Report.
Source: GamblingNews
