NFL urges Supreme Court to regulate prediction markets at state level

Summarised from 2 outlets · Updated 8 Oct, 15:31 · Archive

The NFL has filed a legal brief supporting state regulation of prediction markets, arguing they are gambling vulnerable to manipulation.

The NFL has filed an amicus brief with the Supreme Court backing New Jersey regulators in their battle against Kalshi, a prediction market platform. The league argues that prediction markets should be regulated by individual states as gambling rather than by the federal Commodity Futures Trading Commission as financial instruments.

The NFL does not oppose prediction markets entirely but is concerned about their current lack of oversight. On the first Sunday of the 2026 NFL season, football accounted for $1.8 billion in prediction market trading, more than half the total volume. The league is particularly worried about contracts vulnerable to manipulation, such as those tied to field goals, fumbles, injuries or officiating decisions, where insiders could have advance knowledge.

The NFL has repeatedly asked the CFTC to adopt safeguards already used by state regulators, including a minimum betting age of 21. Kalshi currently allows customers as young as 18. The league maintains an advertising ban on prediction platforms and says that neither the CFTC nor prediction market companies have responded to its concerns about manipulation-prone bets or age restrictions.

How it is being reported

• NFL takes Kalshi fight to the Supreme Court and insists failure to regulate prediction markets could cause on-field cheatingPrediction markets are gambling platforms and should be regulated by the states, according to a legal argument filed by the NFL with the Supreme Court this week.Daily Mail Sport · 8 Oct, 14:50
• NFL tells Supreme Court prediction markets are gambling and should be regulated by the statesIn an amicus brief supporting New Jersey regulators in their battle against Kalshi, the NFL argues sports prediction contracts are effectively gamblingCNBC · 8 Oct, 11:00

In this story: NFL · Supreme Court · Kalshi · New Jersey · CFTC

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