NFL asks Supreme Court to review Kalshi sports contracts case
CIE News ·
The NFL filed an amicus brief urging the US Supreme Court to hear New Jersey's case, arguing Kalshi's sports contracts constitute gambling rather than CFTC-regulated swaps.
The NFL has filed an amicus brief urging the United States Supreme Court to hear an appeal brought by New Jersey regarding Kalshi's sports prediction markets, according to The Block. In the filing, the league contends that sports contracts listed by the platform represent gambling instead of swaps subject to regulation by the Commodity Futures Trading Commission. The legal submission challenges the classification of these prediction market offerings as financial derivatives.