NFL backs New Jersey authorities in SCOTUS petition over Kalshi

Crypto Insight Summary: According to the league, Kalshi and other prediction markets “threaten game integrity” because many event contracts are “highly susceptible to manipulation.” Crypto Insight Analysis: Direction: Bearish KAL Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: NFL's opposition to Kalshi could deter investors and affect market sentiment.