Regulation· ★★★· neutral·

NFL and 39 States Urge Supreme Court to Take Up Kalshi Case

  • —Ohio, 38 other states and Washington, D.C. backed New Jersey's petition on Oct. 7
  • —The NFL filed Oct. 8, saying $1.8 billion of the $3.3 billion traded on the season's first Sunday was tied to its games
  • —The Third Circuit sided with Kalshi; the Sixth and Ninth Circuits ruled against it
  • —Polymarket prices a 28% chance the court takes a sports contract case by Dec. 31
Why it matters: The outcome will determine whether states can regulate prediction markets and sports contracts, shaping the entire U.S. sector.
Source: Bitcoin.com