NFL urges Supreme Court to decide who should regulate prediction markets

The National Football League has urged the Supreme Court to decide who should regulate prediction markets. The league has submitted an amicus brief to the court, arguing that states should have the power to oversee sports-related contracts. According to CBS News, this move is aimed at determining whether states or federal regulators have the authority to regulate prediction markets.

The NFL's brief cited the large volume of trades on prediction markets related to the league, with Fortune reporting nearly $2 billion traded on NFL games through prediction market platforms alone on the opening Sunday of the 2026 season. The league argued that states have long regulated gambling and that sports prediction contracts are bets on game outcomes, rather than tools to help businesses protect themselves from financial losses.

The Commodity Futures Trading Commission has taken a largely hands-off approach to prediction markets, allowing federally registered exchanges to offer sports contracts without following traditional state gambling rules. The NFL's move is in support of New Jersey's request for the Supreme Court to rule on the governing authority for prediction markets. The court has not agreed to hear the case, but it is widely expected to take up the matter.

Brief written by urgent.news from CBS News, PYMNTS, The Hill, Fortune, ABC News (US) — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.