Policy
NFL tells Supreme Court prediction market sports contracts are gambling, not swaps
The Block·October 8, 2026·1 min read
The NFL filed an amicus brief urging the Supreme Court to hear New Jersey's case, arguing that Kalshi's sports contracts are gambling, not CFTC-regulated swaps. The brief challenges the classification of prediction market contracts and could impact the regulatory landscape for sports-based derivatives in the U.S.
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