NCAA urges CFTC to suspend college sports prediction markets
The NCAA asked Commodity Futures Trading Commission chairman Michael Selig on 14 January to suspend prediction markets tied to college sports. President Charlie Baker said the products resemble sports wagering and lack safeguards including age limits, integrity monitoring and anti-harassment measures. The NCAA said it is willing to work with the CFTC on standards for student-athlete and consumer protection.
A suspension could affect operators offering college sports event contracts and the safeguards expected of them.