CFTC Partners with NHL to Regulate Prediction Markets
- The CFTC signed a memorandum of understanding with the NHL to ensure fair prediction markets.
- CFTC Chair Michael Selig emphasized protection against insider trading and fraud.
- This agreement follows a similar one with Major League Baseball in March.
- Kalshi and Polymarket currently list event contracts for the Stanley Cup playoffs.
- Selig is the only commissioner at the CFTC since December, awaiting new nominations from President Trump.
The partnership aims to enhance integrity in professional hockey and related event contracts on prediction platforms, addressing potential abuses as the NHL’s season approaches.
With contracts already active for playoff events, this collaboration underscores the CFTC’s commitment to regulatory oversight in emerging markets like prediction betting.(Source)
