The NFL Chooses States, Not the CFTC, in Fight Over Prediction Market Regulation
The league's amicus brief warns about game integrity and underage betting, but the NFL has a financial stake in keeping prediction markets under state control.
The league's amicus brief warns about game integrity and underage betting, but the NFL has a financial stake in keeping prediction markets under state control.
Prediction markets can no longer offer sports event contracts in Nevada after the appellate court's decision, giving other states a roadmap for regulating the platforms.
Casting Kalshi as an out-of-control gambling platform makes it easier for the state to take money from the company and its users.
A Wall Street Journal investigation uncovered $1.9 million in fake bets to market the platform. Punishing the prediction market industry isn't the answer.
The quest to fix our messy, meddlesome foster care bureaucracies
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