NCAA Asks CFTC to Suspend College Prediction Markets

The National Collegiate Athletic Association (NCAA), through President Charlie Baker, has urged the Commodity Futures Trading Commission (CFTC) to suspend college sports prediction markets until robust safeguards are established. Baker cited the "growth and haphazard nature" of these markets as contributing to increased harassment of student athletes by bettors. A key concern is that while most states restrict sports gambling to those 21 and older, prediction markets often allow users as young as 18, potentially enticing college and even high school students. The NCAA specifically requested the CFTC implement age and advertising restrictions, a stronger integrity monitoring system, anti-harassment measures, and harm reduction resources. This request comes as prediction markets like Kalshi and Polymarket experience record trading volumes, despite ongoing legal challenges and regulatory actions in several states seeking to ban or block sports-related prediction markets.

(Source：Cointelegraph)