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Reason
Reason
Tosin Akintola

The NFL Chooses States, Not the CFTC, in Fight Over Prediction Market Regulation

On Thursday, the NFL filed an amicus brief supporting New Jersey's cert petition against Kalshi, asking the Supreme Court to clarify whether the Commodity Futures Trading Commission (CFTC) has exclusive jurisdiction to regulate sports wagering on prediction markets.

The NFL's brief states the league is worried about "increasing consumer harm and risk to game integrity" caused by sports wagering on prediction markets. It accuses the CFTC and platforms like Kalshi of taking a "laissez-faire approach" to adopting safeguards and rules.

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