NCAA urges action on prediction markets as March Madness begins
NCAA president Charlie Baker said the association is pressing the Commodity Futures Trading Commission over prediction markets and may explore other options if discussions make no progress. In a television interview, he raised concerns about sports integrity, age limits and data collection, following the NCAA's submission to the CFTC's public comment process on proposed event contract rules.
The NCAA's position could affect how prediction-market sports contracts are regulated and monitored.