NCAA Presses Regulators on Prediction Market Oversight
The NCAA is escalating its efforts to restrict the growth of college sports prediction markets, warning that the products resemble sports wagering without comparable oversight or protections. NCAA President Charlie Baker issued a letter to the Commodity Futures Trading Commission (CFTC) calling for a suspension of collegiate prediction trading, and repeated the message during the organization’s annual convention. The request centers on markets offered by financial trading platforms that allow users to buy and sell contracts tied to outcomes of college […] The post NCAA Presses Regulators on Prediction Market Oversight appeared first on World Casino News.
The NCAA is escalating its efforts to restrict the growth of college sports prediction markets, warning that the products resemble sports wagering without comparable oversight or protections. NCAA President Charlie Baker issued a letter to the Commodity Futures Trading Commission (CFTC) calling for a suspension of collegiate prediction trading, and repeated the message during the organization’s annual convention. The request centers on markets offered by financial trading platforms that allow users to buy and sell contracts tied to outcomes of college […]
The post NCAA Presses Regulators on Prediction Market Oversight appeared first on World Casino News.
