NFL 'Troubled' by Rise of Sports Prediction Markets

NFL 'troubled' by rise of sports prediction markets

The NFL expressed its concern about the rise of prediction markets to a congressional committee Thursday, stating that the league is particularly troubled by sports contracts being offered in states where traditional betting has not been legalized.

NFL 'particularly troubled' over rise of prediction markets

Prediction markets like Kalshi and Polymarket have added a whole new wrinkle to the sports betting industry, and it is making the NFL and others incredibly nervous. Prediction markets have made their way into sports after first becoming popular for bets on political and social events. Very quickly, platforms like Kalshi and Polymarket have tapped into the already massive ecosystem that exists for sports betting and are trying to take full advant…

NFL, NCAA Rail Against Prediction Markets: 'Catastrophic'

Executives for the NFL and NCAA offered fresh criticisms of prediction markets this week, warning they do not have proper regulation.