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Crypto
U.S. pro sports split on prediction markets, NBA move in focus
The NFL has sided with New Jersey in a court fight over prediction markets, filing an amicus brief urging the U.S. Supreme Court to hear the case involving Kalshi. The league argues sports contracts are gambling and that allowing prediction markets to sell them outside state gambling laws threatens game integrity and consumer protection. U.S. appeals courts have issued conflicting rulings. Other leagues have partnered with prediction market operators, while attention is turning to the NBA\'s next move.
Crypto
NFL urges CFTC to tighten regulation of prediction markets
The NFL has asked U.S. Commodity Futures Trading Commission Chairman Michael Selig to strengthen regulation of sports prediction markets, The Block reported, citing a letter obtained by The Closing Line newsletter. The league said a recent draft rule on event contracts was insufficient on integrity and consumer protection. It stressed protecting game integrity as a top priority. The NFL has previously urged Kalshi and Polymarket to scale back some contract products.
Industry
A2Z, HL Klemove cooperate to develop Level 4 autonomous driving technology
Autonomous A2Z said on Tuesday it has signed a strategic memorandum of understanding with HL Klemove to jointly develop HPC-based end-to-end Level 4 autonomous driving core technology. The partners will use driving data from A2Z’s Level 4 autonomous shuttle ROii, which is undergoing demonstration operations around Cheonggyecheon. A2Z will lead system integration, while HL Klemove will contribute sensor fusion, perception and control technologies.
