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NBA seeks age checks and league input in CFTC prediction-market rules

Regulation

The NBA, MLB and NCAA submitted comments to the Commodity Futures Trading Commission on proposed rules for sports event contracts. The NBA called for a minimum trading age of 21, identity checks, immediate reporting of suspicious activity and a formal league role in market design; it did not say whether prediction markets constitute gambling. The NFL and NHL did not comment.

The leagues’ proposals could shape safeguards and permitted contract types in US sports prediction markets.

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NIGC seeks tribal input on sports prediction markets

The National Indian Gaming Commission is holding a listening session with tribal leaders and regulators at a conference in San Diego to gather views on sports prediction markets, the commission said. Vice Chair Jeannie Hovland said the NIGC would not comment on whether it would take a position. The commission previously held a tribal roundtable in January.

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