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NBA Urges Federal Regulator To Tighten Prediction Market Rules To Protect Game Integrity

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  • NBA Urges Federal Regulator To Tighten Prediction Market Rules To Protect Game Integrity

    The NBA formally asked the Commodity Futures Trading Commission on Thursday to impose stricter regulations on prediction markets, citing risks to competitive integrity and public confidence in professional sports. The league's submission arrived on the final day of the CFTC's public comment period, which drew nearly 1,500 responses since opening March 13. Dan Spillane, the NBA's executive vice president and assistant general counsel, authored the letter. He argued that prediction markets pose...

    Publisher:RealGM
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