Kalshi Expands NFL Prop Bet Offerings, Challenging State-Regulated Sportsbooks

A Full Menu of NFL Player Props

The new market category, self-certified under the name “FOOTBALLPLAYERSTAT,” will allow Kalshi to offer a comprehensive suite of wagers on individual player statistics. This is an expansion from its previous offerings, which were largely limited to basic game outcomes and touchdown scorer markets.

The new prop bets will cover a wide range of popular statistical categories, including:

• Passing: Yards, touchdowns, completions, and interceptions.
• Rushing and Receiving: Yards, touchdowns, and total attempts or receptions.
• Defensive and Special Teams: Tackles, sacks, interceptions, and field goals.

These markets can also be broken down into smaller segments of a game, such as halves or quarters, allowing for a more granular and in-game trading experience.

The Power of Self-Certification

A key part of Kalshi’s strategy is its ability to use the CFTC’s self-certification process. As a federally regulated exchange, Kalshi can introduce new market categories by simply notifying the CFTC. The new contracts then become automatically available for trading unless the commission actively intervenes.

This process allows Kalshi to bypass the state-by-state licensing and approval process that traditional sportsbooks must navigate, giving it the ability to offer these new products to customers in all 50 states, including those where sports betting is not yet legal.

This nationwide reach is at the heart of the ongoing legal and regulatory conflict. State gaming regulators in Massachusetts, New Jersey, and Nevada, among others, have taken legal action against Kalshi, arguing that its sports-related contracts are a form of illegal gambling that falls under their jurisdiction.

Kalshi has consistently countered that the federal Commodity Exchange Act gives the CFTC “exclusive jurisdiction” over its platform, a position that has so far been largely upheld in the early stages of these legal battles.