{
  "id": 12948103,
  "title": "NFL urges Supreme Court to decide who should regulate prediction markets",
  "url": "https://urgent.news/2026/10/08/nfl-urges-supreme-court-to-decide-who-should-regulate-prediction",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-08T20:06:15.000Z",
  "source": {
    "name": "CBS News",
    "slug": "cbs-news",
    "url": "https://www.cbsnews.com/news/nfl-supreme-court-prediction-market-case/"
  },
  "original_language": "en",
  "account": "The NFL is urging the Supreme Court to rule on whether the federal government or individual U.S. states should hold jurisdiction over regulating prediction markets, according to an amicus brief filed in support of a petition by the New Jersey attorney general's office. The league has championed prior court rulings, from the Sixth and Ninth Circuits, which concluded that sports-related event contracts are not swaps but gambling. The NFL's brief was filed shortly after a group of bipartisan states made a similar request to the Supreme Court, requesting a decision on the issue before the end of the pro football season in January. The NFL argues that any delay would harm consumers and compromise game integrity. Prediction markets are currently overseen by the Commodity Futures Trading Commission (CFTC), a federal agency. However, at least ten states have challenged prediction market platforms, claiming that the sports contracts they offer are gambling and should be regulated under state law. While the NFL has encouraged the CFTC and prediction markets to implement safeguards against gambling and insider trading, neither the agency nor industry players have prohibited bets that could be subject to manipulation or raised the minimum age to bet on these markets to 21, unlike the current minimum age of 18. The NFL is concerned about the CFTC's ability to effectively regulate sports betting, a concern echoed by legal experts. A representative from Kalshi stated that the company's priority is the integrity of its markets, and the CFTC is actively policing sports-related markets, which are now listed on nearly every U.S. commodities exchange. The league has also received an email from Polymarket, another prediction market provider, stating that they have implemented advanced market surveillance tools and are working with the CFTC and SEC to develop a regulatory framework stronger than state laws.",
  "summary": "In a legal brief, the NFL expressed support for prior court rulings favoring state authority to oversee prediction markets.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "CBS News",
        "title": "NFL urges Supreme Court to decide who should regulate prediction markets",
        "url": "https://urgent.news/2026/10/09/nfl-urges-supreme-court-to-decide-who-should-regulate-prediction",
        "published": "2026-10-09T00:18:56.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}