NFL Backs Supreme Court Review, Says Kalshi Sports Contracts Are Gambling

The NFL's entry shifts this from a state-versus-exchange fight into a broader question of who defines a sports prediction contract: federal derivatives regulators or state gambling authorities. The league's interest is competitive as much as legal, since expanded event contracts could pull attention and wagering activity away from its own regulated channels. The practical stakes are jurisdictional, not just legal: a ruling that treats these contracts as gambling would hand state regulators a tool they currently lack, while a ruling for federal oversight would preserve the CFTC's exclusive lane. Whether the Court takes the case at all is the nearer question.