NCAA Urges Regulators to Pause Prediction Markets Tied to College Sports

NCAA urges regulators to pause prediction markets tied to college sports

The group says contracts mirror sports betting but lack safeguards, warning transfer portal markets could pose “catastrophic” risks to student athletes.

NCAA asks CFTC to suspend prediction markets

The NCAA asked a federal regulatory body to stop prediction markets from offering trades on college sports until more safeguards are in place.

NCAA Asks CFTC to Suspend College Prediction Markets

The NCAA has asked the CFTC to suspend college sports prediction markets until measures are put in place to protect student-athletes and the integrity of competition.

NCAA requests CFTC pause college sports wagering on prediction markets

The NCAA has requested the CFTC to put a hold on college sports betting on prediction markets, emphasizing its negative effects on student-athletes. NCAA president Charlie Baker told CFTC chairman Michael Selig that the college sports association will work with the regulator to establish appropriate safeguards. In a letter to the CFTC chair dated January 14, Baker expressed concern over college sports betting via prediction market trading. He no…

NCAA urges federal agency to suspend college sport prediction markets

Today, NCAA President Charlie Baker called on the Commodity Futures Trading Commission, the regulatory body that presides over prediction markets, to pause all college