Kalshi Sports Contracts Are Gambling, NFL Tells Supreme Court
The case could decide whether states can apply their gambling laws to sports prediction markets or whether federal derivatives oversight preempts them.
Every Zipp story tagged #SportsContracts, newest first.
The case could decide whether states can apply their gambling laws to sports prediction markets or whether federal derivatives oversight preempts them.
The temporary order eases a state-level legal threat to Kalshi's sports contracts but does not settle the underlying dispute.
The ruling deepens a split among federal appeals courts, increasing the odds the Supreme Court will decide who regulates sports prediction markets.
Kalshi's exclusivity blocks rival prediction markets from advertising at the venue and across ESPN broadcasts, an unusual concession that lands amid the platform's federal preemption fight.