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Story summary
- Kalshi has expanded its sports markets by self-certifying new NFL player props, despite previous legal statements.
- The Commodity Futures Trading Commission (CFTC) has not limited this expansion, even with the Commodity Exchange Act's restrictions.
- Analysts note prediction markets account for only 7% of legal sportsbook wagers, while Nevada sportsbooks experienced a 3% increase.
- The NFL cautions players that prediction markets are classified as betting, requiring adherence to league policies.
- A survey reveals 85% of Americans consider prediction markets gambling, supporting regulation akin to traditional sportsbooks.
