The U.S. National Collegiate Athletic Association (NCAA) has moved to rein in the spread of prediction markets on college sports. On Jan. 16, 블코인텔레그래프 reported that the NCAA asked the Commodity Futures Trading Commission (CFTC) to immediately halt college sports prediction markets and strengthen protective measures.
NCAA President Charlie Baker sent a letter to CFTC Chairman Michael Selik asking that college sports prediction markets be suspended until a strong system to protect student-athletes is in place. Baker said the rapid expansion of prediction markets is increasing harassment of student-athletes and worsening gambling problems. He stressed that while sports betting in most states is limited to those aged 21 and older, prediction markets allow participation from age 18, increasing the likelihood that college and high school students could be exposed to gambling.
The NCAA called for age and advertising regulations, stronger monitoring systems, anti-harassment measures and steps to reduce harm.
Chi-gyu Hwang
delight@d-today.co.kr