Prediction-market exchange platform Kalshi has informed the Commodity Trading Futures Commission (CFTC) that it has introduced new sports event contracts for the upcoming NFL season.
The newly introduced contracts, which are currently limited to football, give users the opportunity to trade based on points totals, overall scores, and the number of touchdowns a player will score in a game.
In the past, Kalshi has only offered futures, such as championship odds and single-game moneylines (outright winners).
“Bringing these markets under CFTC oversight gives consumers the same level of protections as Wall Street traders and institutions,” Kalshi CEO Tarek Mansour said in the statement.
The arrival of new markets comes amid multiple states suing the prediction platform, arguing that Kalshi is, in fact, an illegal sports betting book. A federal judge recently ruled against Kalshi and blocked it from offering sports contracts in the state.
“[T]he courts and Congress have long recognized states’ authority to regulate gambling conducted within their borders,” US District Judge Adam B. Abelson argued.