✉news SportSports first seen 3 h ago, last 3 h ago, peak #16
NFL urges courts to let states regulate prediction markets
Original: NFL calls prediction markets a form of sports gambling, urges courts to let states regulate
The NFL has told courts that prediction markets should be treated as a form of sports gambling, arguing that regulation should rest with individual states rather than federal oversight. The league's position escalates its fight against prediction market platforms offering sports event contracts, which have operated in a regulatory gray zone. Sports leagues and state regulators have increasingly challenged these platforms as unlicensed betting operations.
Why now: Prediction markets offering sports contracts are expanding rapidly, raising legal questions the NFL and states want resolved in their favor.
Evidence
- NFL calls prediction markets a form of sports gambling, urges courts to let states regulate · Fox News
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