NCAA asks CFTC to suspend college sports prediction markets
The NCAA asked the Commodity Futures Trading Commission to suspend college sports prediction markets until stronger safeguards are in place, in written testimony to a congressional subcommittee. It also called for a minimum participation age of 21 and consultation with sports governing bodies before new college markets are approved; other witnesses defended existing industry controls.
The NCAA’s proposals could shape safeguards, participation ages and approvals for college sports prediction markets.