NFL tells Supreme Court prediction market sports contracts are gambling, not swaps
The NFL filed an amicus brief urging the Supreme Court to hear New Jersey's case, arguing Kalshi's sports contracts are gambling, not CFTC-regulated swaps.
Key Takeaways
- The NFL filed an amicus brief urging the Supreme Court to hear New Jersey's case, arguing Kalshi's sports contracts are gambling, not CFTC-regulated swaps.
- Read the full article for additional context and details.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from The Block. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation
Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.
Netflix drops trailer for series based on FTX’s SBF and Caroline Ellison
Sam Bankman-Fried remains in federal prison following his 2023 conviction, while Caroline Ellison was released in January.
Solana DeFi Firms Orca and Loopscale Merge Under New Formation Brand
Solana DEX Orca and lending platform Loopscale will operate as Formation, a New York company aiming to finance AI, energy, robotics and defense assets and eventually reach regulated U.S. markets.