NFL forced Saquon Barkley to sell Polymarket stake, treating prediction markets as sportsbooks
Eagles running back Saquon Barkley sold his equity stake in Polymarket after NFL rules barred players from holding prediction-market investments. The case sets the league apart from the NBA and MLB, which have signed deals with the exchanges, as the NFL argues at the Supreme Court that sports event contracts are gambling. The post NFL forced Saquon Barkley to sell Polymarket stake, treating…
NFL forces Saquon Barkley to sell Polymarket investment, treating prediction markets as sportsbooks
Eagles running back Saquon Barkley has sold his equity stake in Polymarket after the NFL ruled that players cannot hold prediction-market investments. This marks the first public instance of the league applying its gambling rules to a player's investment in such markets. Barkley explained to Front Office Sports that he sold his stake to comply with the league's rules.
The NFL has made it clear that its restrictions on sportsbooks now extend to prediction markets. Other leagues, such as the NBA and MLB, have signed deals with Polymarket and Kalshi, despite them being treated as gambling entities under the NFL's gambling policy. The NFL argues that sports event contracts should be considered gambling under state law, a position it is pursuing at the Supreme Court in the Flaherty v.
KalshiEX case. NFL players are not permitted to invest in or endorse gambling or prediction market companies, unlike their counterparts in other leagues.
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