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NBA urges CFTC to address prediction-market integrity risks

Regulation

The NBA submitted comments to the CFTC warning that sports prediction markets pose risks to the integrity of its competitions. NBA vice-president Alexandra Roth said the league was examining sports-related products offered through prediction markets. The submission followed comments from Major League Baseball on 7 March; the CFTC had cancelled a planned 30 April roundtable without giving a rescheduling date.

The NBA’s submission adds a major sports league’s integrity concerns to the CFTC’s consideration of sports prediction markets.

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