✉news SportFootball first seen 1 d ago, last 1 d ago, peak #1
NFL tells Supreme Court prediction markets are gambling
Original: NFL tells Supreme Court prediction markets are gambling and should be regulated by the states
The NFL has filed a position with the US Supreme Court arguing that prediction markets constitute gambling and should fall under state regulation rather than federal oversight. The league's stance places it against platforms offering sports event contracts, which are currently traded under federal Commodity Futures Trading Commission rules.
Why now: The ongoing legal fight over whether sports event contracts on prediction markets count as gambling or financial derivatives is a live dispute before the Supreme Court.
NFLUS Supreme Courtprediction markets
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- NFL tells Supreme Court prediction markets are gambling and should be regulated by the states · CNBC
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