Regulation· ★★★· neutral·

NFL backs New Jersey lawsuit against Kalshi over manipulation risk

  • —NFL backs New Jersey's petition to the US Supreme Court over Kalshi
  • —About $3.3 billion in contracts traded on Kalshi on the season's first Sunday
  • —Roughly $1.8 billion of that volume was tied to NFL games
  • —39 states and Washington DC support the request; a key deadline is November 9
Why it matters: The ruling will decide whether states can restrict sports contracts on prediction markets, shaping the business of Kalshi and similar platforms.
Source: Newsbit
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