NFL Supports New Jersey’s Supreme Court Petition Over Kalshi
The NFL is backing New Jersey authorities in a Supreme Court petition involving Kalshi, citing concerns about manipulation and the integrity of games.
The NFL has backed New Jersey authorities in a petition to the US Supreme Court involving prediction market platform Kalshi, according to Cointelegraph.
The league argues that prediction markets, including Kalshi, pose risks to the integrity of sporting events. Its concerns focus on the potential for manipulation of event contracts.
In its position, the NFL contends that many such contracts are particularly vulnerable to manipulation. The source report does not detail specific incidents involving Kalshi.
Source: Cointelegraph
