CFTC signs MOU with National Hockey League over prediction markets
The financial regulator signed a similar agreement with Major League Baseball in March and continues to file lawsuits against state-level authorities going after prediction market platforms over sports betting.
The US Commodity Futures Trading Commission (CFTC), under the sole leadership of Republican Michael Selig, announced a memorandum of understanding with the National Hockey League to “protect the integrity of professional hockey and maintain fair and transparent prediction markets.”
In a Thursday announcement, Selig said the move was intended to protect prediction market users from “insider trading, fraud, and other abuse” as the CFTC continues to maintain what it calls its “exclusive jurisdiction” over platforms like Kalshi and Polymarket.
The agency signed a similar agreement with Major League Baseball in March, at the same time the league announced Polymarket would be its Official Prediction Market Exchange.