The NFL has told the Supreme Court that sports prediction markets are effectively gambling and should fall under state regulation, siding with New Jersey regulators in their dispute with Kalshi.
Key facts
- The NFL filed an amicus brief supporting New Jersey regulators.
- The brief backs regulators in their battle against prediction market operator Kalshi.
- The NFL argues sports prediction contracts are effectively gambling.
- The league contends such markets should be regulated by the states.
The National Football League has weighed in on a high-profile legal dispute over prediction markets, telling the Supreme Court that sports prediction contracts are effectively gambling and should be regulated by the states, according to CNBC.
The league made its position known in an amicus brief supporting New Jersey regulators in their ongoing battle against Kalshi, a company that operates prediction markets. An amicus brief allows an outside party with an interest in a case to share its views with the court, even though it is not directly involved in the litigation.
At the heart of the NFL’s argument is the claim that sports prediction contracts function as gambling. By framing these contracts in that way, the league is pushing for them to be treated under the same regulatory umbrella that governs other forms of sports betting.
The NFL’s brief also addresses the question of who should oversee these markets. The league argues that regulation should rest with the states rather than at the federal level, aligning its stance with that of the New Jersey regulators it is supporting.
The dispute reflects a broader clash over how prediction markets should be classified and controlled. Companies such as Kalshi have built platforms that allow users to trade on the outcomes of events, raising questions about whether those offerings cross into territory traditionally reserved for regulated gambling.
The matter is now before the Supreme Court, where the outcome could help determine how prediction markets operate in the United States and which authorities have the power to regulate them.
Why it matters
The case could set a precedent for how prediction markets are classified and regulated across the United States, affecting a fast-growing industry and the major sports leagues whose events these markets track. A ruling in favor of state regulation would reinforce existing sports betting oversight, while a decision favoring the operators could reshape the landscape.
Frequently asked questions
What is the NFL arguing before the Supreme Court?
The NFL argues that sports prediction contracts are effectively gambling and should be regulated by the states, according to CNBC.
Who is the NFL supporting in the case?
The NFL filed an amicus brief supporting New Jersey regulators in their battle against prediction market operator Kalshi.
What is Kalshi's role in the dispute?
Kalshi operates prediction markets and is on the opposing side of the New Jersey regulators the NFL is backing.

