NFL Joins Battle in the Supreme Court to Regulate Prediction Markets
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Written by: Turner Wright and Sam Bourgi
NFL backs New Jersey authorities in their fight against prediction market platforms over concerns regarding game integrity and potential manipulation.
Latest News:
Published: October 8, 2026
According to the NFL, prediction markets like Kalshi pose a threat to sports integrity due to the manipulability of event contracts. The league supports New Jersey's petition to the Supreme Court, arguing that these platforms should be regulated by state authorities.
"These bets... pose the greatest threats to game integrity, because many can be manipulated by a single person..."
The NFL highlights the significant trading volume related to NFL events on prediction markets, with Kalshi accounting for over half of the total volume on the first Sunday of the football season.
Key Arguments:
- Labeling and Regulation: New Jersey officials argue that labeling sporting event contracts as "swaps" is misleading and should be reviewed.
- Game Integrity and Consumer Protection: The NFL emphasizes the risk of manipulated bets, citing examples like player performance alterations or biased official decisions.
- Lack of Safeguards: They critique the Commodity Futures Trading Commission (CFTC) for lacking sufficient safeguards for event contracts.
- Federal vs. State Regulation: The NFL advocates for federalizing sports betting regulation to resolve the conflict between the CFTC and state authorities.
Additional Context:
Thirty-nine US states and the District of Columbia also filed an amicus brief supporting New Jersey, describing a "national turf war" between federal and state regulatory bodies over prediction markets. The Supreme Court's decision is awaited, with Kalshi given an extension until November 9 to respond to New Jersey's filing.