The NFL isn’t the only league that thinks the Trump administration has more work to do on its suggested framework governing prediction markets.
The deadline to submit comment letters to the Commodity Futures Trading Commission was Monday evening. Letters from the NBA, MLB, ATP Tour, NCAA, and players unions for the NFL, MLB, NBA, NHL, and MLS all appeared online early Tuesday afternoon, offering opinions of the CFTC’s 267-page rule proposal unveiled in June. In total, the CFTC now says it received 1,443 comments before the Monday evening deadline.
The CFTC’s proposed rules would ban sports bets that most regulated prediction-market platforms in the U.S. don’t currently offer, like in-game props such as next pitch, markets on sports below the collegiate level, and officiating decisions, while largely leaving intact contracts that have fueled the industry’s growth, like those tied to final scores, point differentials, win-loss outcomes, tournament advancement, and individual and team statistical performance.
