NBA urges CFTC to tighten prediction-market rules for sports contracts
The NBA urged the Commodity Futures Trading Commission to apply stronger safeguards to sports event contracts, citing concerns about competition integrity. Its recommendations include restrictions on trading by athletes and team personnel, suspicious-trading reporting, official league data, a minimum age of 21 and an opportunity for leagues to review new markets before launch.
The NBA’s proposals could shape federal rules for prediction-market operators offering sports event contracts.