Search results for NCAA
Crypto
Ripple signs five-year sponsorship with University of Kansas; XRP to appear on all team uniforms
Ripple has signed a five-year sponsorship deal with the University of Kansas athletics department and named XRP the official cryptocurrency of Kansas Athletics. The XRP logo will appear on uniforms across all university sports teams, including football and basketball, marking the first time a major NCAA Division I program has partnered with a cryptocurrency company. Ripple also plans education funding for student-athletes and the wider campus community.
Crypto
U.S. gaming industry seeks ban on prediction markets in CLARITY bill
U.S. gaming industry and tribal groups are urging lawmakers to add language to the Senate-pending CLARITY bill to prohibit sports and casino-style prediction markets. They want the bill to make clear the Commodity Futures Trading Commission lacks authority to oversee sports betting. Industry groups say prediction markets amount to an expansion of gambling without voter approval or legislation and argue the CFTC was not designed to regulate betting. The dispute also highlights tax revenue losses claimed by state regulators.
Crypto
NCAA urges halt to prediction markets on college sports
The U.S. National Collegiate Athletic Association has moved to curb the spread of prediction markets tied to college sports. It asked the Commodity Futures Trading Commission to immediately halt such markets and strengthen protections. NCAA President Charlie Baker told CFTC Chairman Michael Selik that trading should be paused until strong safeguards for student-athletes are in place. He said rapid growth is increasing harassment and worsening gambling problems, and noted that prediction markets can allow participation from age 18.