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CFTC Engages Major U.S. Sports Leagues on Prediction Market Oversight

GateNews
Regulation & PolicyEnforcement Actions

According to ChainCatcher, CFTC Chair Michael Selig said the regulator is engaging with major U.S. professional sports leagues to strengthen oversight of sports-related prediction markets and prevent insider trading and market manipulation. Selig disclosed at a FINRA annual conference in Washington that the CFTC previously signed an information-sharing memorandum of understanding with Major League Baseball, marking the agency’s first formal data-sharing agreement with a professional sports league.

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