According to The Block, the National Football League filed an amicus brief supporting a legal argument that Kalshi’s sports contracts function as gambling rather than CFTC‑regulated swaps. The filing seeks the Supreme Court’s attention to New Jersey’s case concerning the classification of these contracts.
The NFL’s brief emphasizes that the structure and purpose of the sports contracts align with traditional gambling characteristics, distinguishing them from instruments covered by current swap regulations administered by the Commodity Futures Trading Commission. No numerical figures or direct quotations are included in the submission.
