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Home›US Markets›M&A & Deals›NFL urges states to regulate sports prediction contrac…

NFL urges states to regulate sports prediction contracts as gambling

Reported · Written up by our desk · M&A & Deals

The NFL, in an amicus brief filed with the U.S. Supreme Court, backed New Jersey regulators in their dispute with Kalshi, arguing that sports prediction contracts function as gambling.

According to CNBC Markets, the league is asking for regulation at the state level to address how these contracts are treated.

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Sources

CNBC MarketsNFL tells Supreme Court prediction markets are gambling and should be regulated by the states

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