NFL Argues Prediction Markets Should Be Regulated by States, Not Federal Agency
The NFL has filed an amicus brief with the Supreme Court supporting New Jersey regulators and arguing that prediction markets should be regulated at the state level rather than exclusively under federal oversight. The league claims these markets are a form of gambling and pose risks to game integrity due to potential manipulation, such as in field goals or injury-related bets. It also highlights concerns about age restrictions, noting Kalshi allows betting by those aged 18 while most states require bettors to be at least 21. The NFL is not opposed to prediction markets but believes the federal Commodity Futures Trading Commission (CFTC) lacks sufficient resources and that state regulation would better protect sports integrity. Commissioner Roger Goodell emphasized a cautious approach, stating the league wants stronger protections before engaging with these platforms. In contrast, other leagues like the NHL have partnered with prediction market companies such as Kalshi. The Supreme Court is being asked to resolve whether states can enforce their gambling laws over federal regulators in this space.
Topics: CFTC regulation NFL prediction markets sports betting