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The Block (@TheBlockCo): THE BLOCK: The NFL is backing New Jersey in its Supreme Court fight with Kalshi, arguing sports prediction contracts are gambling, not financial swaps…

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THE BLOCK: The NFL is backing New Jersey in its Supreme Court fight with Kalshi, arguing sports prediction contracts are gambling, not financial swaps subject exclusively to CFTC oversight. The case could determine whether prediction markets can offer sports contracts nationwide or face state-by-state regulation.

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