NFL urges Supreme Court to decide if feds or states should regulate prediction markets

TL;DR

The NFL has asked the Supreme Court to decide the regulatory authority over prediction markets, between the federal government and U.S. states.
The league supports previous court rulings that determined sports-related event contracts are sports gambling, not swaps, and should be state-regulated.
The NFL argues that delaying a decision will lead to increased consumer harm and jeopardize the integrity of games.
Prediction markets are currently regulated by the federal agency CFTC, but numerous states have taken legal action against them.
The NFL has requested safeguards against gambling and insider trading from the CFTC and prediction markets, but concerns remain about enforcement and minimum betting age.
Prediction market platforms like Kalshi and Polymarket state they are committed to market integrity and are working with regulatory bodies on a framework.

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