In an amicus brief on Thursday, the league said that the sites fall under the sports gambling umbrella and should similarly be regulated by states.This page may contain affiliate links to legal sports betting partners.If you sign up or place a wager, FOX News may be compensated.
This content was created by a team that works independently from the FOX newsroom."Billions of dollars will be bet on NFL games through prediction markets each season, and any delay from the Court will result in increasing consumer harm and risk to game integrity," the NFL wrote in the brief, via ESPN.CLICK HERE FOR MORE OUTKICK SPORTS COVERAGENFL Commissioner Roger Goodell addresses the media during the Super Bowl Winning Team Head Coach and MVP Press Conference at the Mandalay Bay North Convention Center on Feb.12, 2024 in Las Vegas, Nevada.
(Don Juan Moore/Getty Images)The league sent a letter to prediction market operators just before the start of the season saying they objected to markets like coaching and officiating decisions, injuries, and other markets that could be swayed by insider info.The league has yet to partner with predict markets but does have deals with official online sportsbooks."The [Commodity Futures Trading] Commission's failure even to reference such objectionable contracts that the NFL identified months ago -- contracts that have been and continue to be listed as contracts by operators like Kalshi -- is deeply concerning and creates significant risks for the NFL's players, coaches, and officials and market participants," the league said.The CFTC, however, said that it has been in touch with the league as prediction markets have risen, but the league has not entered an agreement with them to work together."Since day 1, the CFTC has engaged with the NFL regarding the agency’s rulemaking agenda and policy priorities.
It’s unfortunate the NFL declined to sign an MOU with the CFTC which would’ve provided the league the ability to better discuss, cooperate, and e...