Commodity Futures Trading Chairman Michael Selig said today that the agency is in active discussions with all major sports leagues about prediction market integrity, as the industry’s biggest backer builds out institutional trading infrastructure.
“We’re talking to all the sports leagues because it’s critical that they’ve got the best information as to what’s manipulable in their markets and where the insider trading risks are,” Selig said.
From MLB To Every League
The comments come weeks after the CFTC signed a first-of-its-kind memorandum of understanding with Major League Baseball, establishing confidential information-sharing between the league and the federal regulator. Polymarket already holds exclusive prediction market partnerships with MLB, the NHL, MLS and UFC, suggesting NFL and NBA frameworks could follow.
Selig, speaking on the Faro Radio podcast, framed the push as urgent. “I’m concerned we’ll see the same with prediction markets if we keep pushing it offshore into the unregulated …Full story available on Benzinga.com
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