NFL joins pushback against prediction markets as U.S. Supreme Court asked to act
Source: CoinDesk ·
From the source
In opposition to federal oversight of the prediction markets, the National Football League has sided with states, Gary Gensler and one of the authors of the relevant law. The National Football League has joined with tribes, state governments, former regulator Gary Gensler and even one of the lawmakers who penned the law prediction markets are relying on — all of them asking the U.S. Supreme Court to let local gambling regulators police the companies. The NFL said in its Thursday filing that the league had shared concerns with the U.S. Commodity Futures Trading Commission, which claims a role as the sole regulator of these platforms, about how they conduct sports wagers. But the NFL told the high court that its requests haven't been answered, leaving betting practices that "pose real challenges to game integrity and consumer protection." The NFL was among many filing legal briefs this week in the case supporting the states' argument that they have the right to impose local gambling…