NFL asks Supreme Court to resolve appeals court split over sports prediction market oversight

The NFL has asked the US Supreme Court to resolve a split among federal appeals courts over the regulation of sports prediction markets. The Third Circuit accepted Kalshi 's argument that its sports contracts fall within the exclusive jurisdiction of the Commodity Futures Trading Commission (CFTC). The Sixth and Ninth Circuits reached the opposite conclusion . The dispute turns on whether sports-event contracts qualify as "swaps" under the Commodity Exchange Act . It also involves the question of whether federal oversight prevents states from applying their own gambling laws.