A coalition including former Senator Chris Dodd, former CFTC Chair Gary Gensler, the NFL, 39 states, and 145 tribal nations filed briefs urging the U.S. Supreme Court to rule that states, not the CFTC, should regulate sports prediction markets. They argue the Dodd-Frank Act did not empower the CFTC to override state gambling oversight, while opponents contend sports predictions do not meet the CEA’s definition of swaps. The CFTC on Friday issued draft rules confirming casino-style gambling falls outside swaps, though sports, political, cultural, and weather event contracts remain CFTC-regulated swaps.