U.S. sports leagues and players’ unions are urging the CFTC to adopt stricter oversight and safeguards over sports-event contracts, while calling for a direct role in enforcing them.
Major U.S. sports leagues and players’ associations have urged the Commodity Futures Trading Commission (CFTC) to impose stricter controls on prediction markets. They warn that sports event contracts need enhanced oversight and are advocating for a more active role in ensuring compliance.