The National Basketball Association (NBA) has added its voice to a chorus of disapproval at the Commodity Futures Trading Commission’s latest prediction markets-related rule-making.
The NBA expressed concerns similar to the NFL regarding the CFTC's recent actions. The CFTC's rule-making has drawn criticism from various sports organizations, with prediction markets under intense scrutiny.
By joining the NFL in criticizing the CFTC, the NBA highlights the growing opposition to the regulatory body's decisions in this area.
