The NFL has submitted recommendations to the Commodities Futures Trading Commission on the regulation of sports-related prediction markets.
According to CNBC, the letter was sent to the Commission Chairman Michael Selig by the NFL’s Senior Vice President for Government Affairs and Public Policy Brendon Plack.
“These suggestions are aimed at (i) protecting the integrity of the sporting events to which the prediction contracts relate, and (ii) protecting participants in these prediction markets from fraudulent or manipulative behavior,” Plack wrote,
The NFL suggested increasing the legal age requirement for sports-related prediction markets from 18 to 21, aligning it with online sports betting requirements.
