NFL asks Supreme Court to settle prediction-market oversight dispute
publishers 50articles 66first reported 3 Oct, 09:00 UTCdeveloping since 3 Oct · 27 editions
The NFL has asked the U.S. Supreme Court to decide whether sports-related prediction markets should be regulated by the federal government or individual states.
In an amicus brief supporting a petition filed by New Jersey’s attorney general, the league endorsed rulings by the Sixth and Ninth Circuit courts that treated sports event contracts as gambling rather than financial swaps. A bipartisan coalition of states has also asked the court to resolve the dispute.
Prediction markets are currently overseen by the Commodity Futures Trading Commission, but at least 10 states have taken legal action against platforms offering sports contracts, arguing that those products constitute gambling and are subject to state law. The NFL asked the court to act before the professional football season ends in January, warning that delay could increase consumer harm and risks to game integrity.
Kalshi said the CFTC is actively policing sports-related markets and that ongoing rulemaking addresses many of the league’s concerns. Polymarket said it has developed market-surveillance tools and is working with the CFTC and Securities and Exchange Commission on a regulatory framework it believes would be stronger than state rules.
An NFL source told CBS News that the league has sought stronger safeguards against insider trading and manipulation, as well as an increase in the minimum participation age from 18 to 21.
HOW THIS STORY WAS MADE
Written from 8 articles, 7 with the publisher's own text; 8 independent newsrooms once syndicated copies count as one; this version written 168 h after the record first saw the story; the editor kept it as written.
- Publishers
- 50
- Source articles
- 66
- Given to the writer
- 8, 7 with the article's own text
- Independent newsrooms
- 8
- This version written
- 168 h after the record first saw the story
- Second model (editor)
- kept as written
- Publication gate
- passed
- Human review
- none
WHAT THE EDITOR DID
The second model checked the writer's draft against the same sources and published it as written.
Written by a language model from the sources above, then checked by a second model that may only cut, attribute or correct. How it works →