NFL tells justices prediction markets are gambling, backs states' push to regulate Kalshi

NFL's Supreme Court filing

The National Football League has asked the U.S. Supreme Court to recognize sports prediction markets as gambling, joining a fight between New Jersey and prediction-market operator Kalshi. In an amicus brief supporting New Jersey and nearly 40 other states, the NFL argued that prediction platforms offering sports bets should be regulated as gambling rather than as financial products, citing the gap between state gambling laws and federal oversight by the Commodity Futures Trading Commission. The brief warns that absent Supreme Court guidance, designated contract market operators will continue exploiting the divide, endangering consumers and game integrity.

Arguments over federal and state authority

The case turns on whether prediction markets fall under the CFTC's exclusive jurisdiction or whether they should be subject to each state's rules. The league's filing says neither the CFTC nor prediction-market companies have imposed safeguards such as banning manipulation-prone bet categories or setting a minimum age of 21. According to the NFL's brief, the opening Sunday of the current season generated $1.8 billion in prediction-market trading volume tied to football, more than half of total activity across the platforms.

Other developments

Separately, Dan Fogelman's NFL family drama "The Land" is set to premiere on Hulu in a post-Super Bowl slot, according to TheWrap. The series, which follows a football family, was given a first-look ahead of its debut. No premiere date beyond the post-Super Bowl window was provided in the source.

Next milestone

The Supreme Court has not yet scheduled oral arguments in the Kalshi case; the next verifiable step is the justices' decision on whether to take up the dispute after the NFL's amicus filing.