๐จ BREAKING!!!
NFL TAKES STAND AGAINST KALSHI IN SUPREME COURT SHOWDOWN
โข The National Football League (NFL) has filed an amicus brief with the Supreme Court, urging them to weigh in on a case involving Kalshi, a prediction market platform.
โข The NFL argues that prediction markets, like Kalshi, should be regulated as gambling, not federally regulated swaps, which would give states the power to regulate them.
โข This move comes as the Supreme Court considers a circuit split over whether states can regulate sports contracts on prediction markets, with some circuits ruling that they can and others saying they can't.
โข Kalshi, which offers prediction markets on sports and other events, has argued that it is not a gambling operation and should be exempt from state regulation.
๐ก Via Decrypt
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NFL TAKES STAND AGAINST KALSHI IN SUPREME COURT SHOWDOWN
โข The National Football League (NFL) has filed an amicus brief with the Supreme Court, urging them to weigh in on a case involving Kalshi, a prediction market platform.
โข The NFL argues that prediction markets, like Kalshi, should be regulated as gambling, not federally regulated swaps, which would give states the power to regulate them.
โข This move comes as the Supreme Court considers a circuit split over whether states can regulate sports contracts on prediction markets, with some circuits ruling that they can and others saying they can't.
โข Kalshi, which offers prediction markets on sports and other events, has argued that it is not a gambling operation and should be exempt from state regulation.
๐ก Via Decrypt
๐ Like and follow for more informative content like this!
#crypto #newsdaily #news #BREAKING #BTC $BTC $ETH