NBA Takes Cooperative Path With CFTC on Prediction Markets
Edited by Steinar Vigdel Kolnes, Editor, Oslo
The NBA's agreement with the CFTC sets up information-sharing aimed at preventing insider trading, contrasting with the NFL's court challenge.
The NBA has reached an agreement with the Commodity Futures Trading Commission to share information aimed at guarding against insider trading in sports prediction markets.
The arrangement follows similar agreements involving Major League Baseball and the National Hockey League. It comes as sports wagering increasingly moves onto platforms regulated by the CFTC.
The NBA's cooperative approach contrasts with the NFL's decision to challenge the regulator in court, highlighting different responses among major sports leagues to prediction markets.
Source: Decrypt
