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NFL tells Supreme Court prediction market sports contracts are gambling, not swaps, in brief backing New Jersey, Unchained reports
- NFL tells Supreme Court prediction market sports contracts are gambling, not swaps, in brief backing New Jersey, Unchained reports — Unchained reported the NFL filed an amicus brief on October 9 supporting New Jersey in Flaherty v. KalshiEX, arguing sports contracts fall outside the Dodd-Frank definition of a swap and asking the Supreme Court to settle a split among three appeals courts. The brief said 1.8 billion dollars of the 3.3 billion dollars traded across prediction markets on the first Sunday of the NFL season was tied to the NFL. (Unchained)
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