Prediction market roundup: NFL files amicus brief with Supreme Court
By The Weekly Edge desk ·
Summary
The NFL has asked the US Supreme Court to take up Flaherty v. KalshiEx, arguing in a 32-page amicus brief that clarity on sports prediction markets is needed to protect game integrity and consumers. Separately, the Seminole Tribe of Florida sued DraftKings and CEO Jason Robins in Broward County, claiming its "Super App" with predictions, sportsbook and casino breaches the tribe's 2021 gaming compact. Kalshi also announced agreements with four tribes this week, three in California and one in Oklahoma.
Why it matters
A Supreme Court review of Flaherty v. KalshiEx could settle sports contract jurisdiction, while the Seminole suit threatens DraftKings' combined sportsbook, casino and prediction app.