NFL: Players Can Use Prediction Markets for Sports Betting, but Not on NFL

While the courts have yet to definitively rule on whether sports event contracts are just sports betting by another name, the NFL has apparently seen enough.

Geoff Zochodne - Sports Betting Journalist at Covers.com
Geoff Zochodne • Senior News Analyst
Aug 25, 2025 • 17:32 ET • 4 min read
Photo By - Imagn Images.

NFL players can’t bet on the NFL using a typical sportsbook, nor can they bet on it using a federally regulated prediction market.

Key Takeaways
  • The NFL has formally banned players and personnel from using federally regulated prediction markets to bet on NFL games, viewing these markets as equivalent to traditional sports betting.

  • Prediction markets, such as Kalshi and Robinhood, offer nationwide betting through CFTC oversight, bypassing state-level regulation and raising integrity concerns for the league.

  • Amid ongoing legal debates about the nature of sports event contracts, the NFL emphasized the lack of regulatory safeguards and information-sharing relative to state-regulated sportsbooks.

An NFL official said as much on Monday during a media briefing regarding the league's sports betting-related policies and programs. 

“Our view is that these platforms mimic sports betting and that they are covered as prohibited conduct under our policy, and that would be for all of our personnel,” said Sabrina Perel, NFL chief compliance officer. “And now we're educating on this point as well, specifically stating that ... engaging in these platforms would be prohibited under the policy.”

A league spokesperson later clarified to Covers that NFL players can still use prediction markets for wagering on sports other than the NFL (and presumably for betting on other events, such as elections) as long as they aren't betting at a team facility or while traveling for work. 

This is similar to the league's broader gambling policy, which prohibits players from wagering on the NFL and while on the job but allows them to gamble on other sports as long as they use legal sportsbooks.

It's a timely clarification for the NFL, as the upcoming regular season will be heavily wagered upon at online sports betting sites in the U.S. but also via the relatively new avenue of federally regulated prediction markets. 

Those prediction markets, such as Crypto.com and Kalshi, only began offering sports-related event contracts near the end of the last NFL season.

While the legality of the event contracts is being challenged in the courts, these markets make it possible to bet on sports in all 50 states, rather than just the ones that have legalized event wagering. 

Furthermore, the platforms offering those sports event contracts, such as Kalshi and Robinhood, are subject to the oversight of the Commodity Futures Trading Commission (CFTC), rather than state-level rules set by lawmakers and gaming commissions. 

This has thus far put the contracts beyond the reach of, say, the Ohio Casino Control Commission. Whereas a state-level regulator like the OCCC could receive reports of suspicious wagering activity from the sportsbook operators it oversees and then tip off the NFL, the league lacks such relationships with CFTC-regulated prediction markets.

We warned you

The NFL has had concerns about sports event contracts longer than most, having written to the CFTC a year ago to warn about potential problems. The league’s vice president of sports betting, David Highhill, reiterated some of those concerns Monday. 

“I think what's important about the sports betting markets right now that are legal is that they have robust protections that include information sharing between sportsbooks and the leagues,” Highhill said. “There's integrity monitoring requirements, there's prohibitions on certain types of wagers or markets that are more subject to influence.”

NFL officials highlighted other aspects of the league's gambling policies and positions Monday, such as no sharing of "inside" information. Those rules have led to players facing discipline in the past, although it was noted Monday there were no gambling-related suspensions last season.

Still, that discipline arose from the state-regulated market for sports betting and gambling, not federally regulated prediction markets. The 2025 season will involve both, which could cause concern for the NFL.

“I think for us, the key distinction is that, for now, prediction markets lack certain regulatory requirements that we know regulated sportsbooks are subject to, like information sharing, responsible betting tools, (and) the objectionable bet prohibitions,” Highhill said.

 “So, for us, we're concerned that if these markets aren't properly regulated, they could be susceptible to manipulation or price distortion. So however this comes to be through the legal channels, I think it's really important that we take advantage of the robust framework that we've put in place via the legalized sports betting process, and all leagues have the same types of protections in place.”

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Geoff Zochodne, Covers Sports Betting Journalist
Senior News Analyst

Geoff has been writing about the legalization and regulation of sports betting in Canada and the United States for more than four years. His work has included coverage of launches in New York, Ohio, and Ontario, numerous court proceedings, and the decriminalization of single-game wagering by Canadian lawmakers. As an expert on the growing online gambling industry in North America, Geoff has appeared on and been cited by publications and networks such as Axios, TSN Radio, and VSiN. Prior to joining Covers, he spent 10 years as a journalist reporting on business and politics, including a stint at the Ontario legislature. More recently, Geoff’s work has focused on the pending launch of a competitive iGaming market in Alberta, the evolution of major companies within the gambling industry, and efforts by U.S. state regulators to rein in offshore activity and college player prop betting.

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