U.S. CFTC secures deal with National Hockey League on prediction market safeguards
CoinDesk
The U.S. CFTC and the National Hockey League have partnered to monitor betting integrity on prediction markets, aiming to prevent fraud and insider trading.Summary
The U.S. Commodity Futures Trading Commission (CFTC) has entered into a memorandum of understanding with the National Hockey League (NHL) to oversee betting on prediction markets. Following similar agreements with Major League Baseball, this partnership requires the NHL to share information regarding event contracts linked to its games with the regulator. This move is part of the CFTC's broader initiative to safeguard the integrity of sports-based prediction markets, such as Kalshi and Polymarket, against insider trading, fraud, and other potential abuses as interest in these platforms continues to grow.
(Source：CoinDesk)