NFL asks Supreme Court to hear state prediction-market case
The league backs New Jersey’s appeal involving Kalshi, citing risks to game integrity.
The NFL urged the US Supreme Court on October 8 to hear New Jersey’s appeal seeking state oversight of prediction markets, Bloomberg reported.
In a filing in Flaherty v. KalshiEX, 26-299, the league warned that limited federal oversight could enable insider trading and undermine game integrity.
The dispute centers on whether event contracts qualify as swaps under the Dodd-Frank Act, placing them under exclusive Commodity Futures Trading Commission authority, or as gambling subject to state regulation. New Jersey and the NFL support the latter position.
President Donald Trump said in May that he supported the CFTC as the sole regulator. Kalshi did not immediately respond to Bloomberg’s request for comment.
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The court could decide as early as December whether to hear the appeal. Seeking the administration’s views would likely delay consideration until the 2027-28 term, according to Bloomberg.