CFTC agrees sports-market monitoring with MLB and pursues league talks
The US Commodity Futures Trading Commission (CFTC) has agreed a memorandum of understanding with Major League Baseball and is discussing cooperation with other professional leagues, its chairman said. The CFTC says it will work with sports bodies to identify suspicious trading and attempts to manipulate sports-related prediction-market contracts.
Prediction-market platforms and sports bodies may face closer scrutiny of trading and contract manipulation.