NHL, CFTC team up with memorandum of understanding as sports-based prediction markets balloon
The Block
The NHL and the CFTC have signed a memorandum of understanding to enhance integrity and monitoring for sports-based prediction markets.Summary
The NHL and the Commodity Futures Trading Commission (CFTC) have established a memorandum of understanding to share information and protect the integrity of professional hockey alongside related event contracts. This collaboration occurs as prediction market platforms like Kalshi and Polymarket see rapid growth. The move reflects the CFTC's broader strategy under Chair Michael Selig to regulate these emerging markets while asserting federal jurisdiction against state-level opposition.
(Source：The Block)