CFTC. [Photo: Shutterstock]

The U.S. Commodity Futures Trading Commission (CFTC) is consulting major U.S. professional sports leagues to strengthen oversight of sports-related prediction markets. In a recent CoinDesk report, CFTC Chairman Mike Selig (마이크 셀리그) said at FINRA’s annual conference in Washington that the agency signed a memorandum of understanding with Major League Baseball and is currently in talks with all professional sports leagues.

The CFTC is expanding the scope of cooperation with leagues to monitor insider trading and price manipulation linked to sports event contracts. The agreement with Major League Baseball is the CFTC’s first official information-sharing deal with a professional sports organisation.

The move comes as federally regulated prediction markets such as Kalshi and Polymarket expand into sports contracts. In the process, clashes have continued with state gaming regulators over supervisory authority over those markets.

Selig also took a hard line despite jurisdictional disputes. He said he has already filed lawsuits involving about 5 to 6 states that tried to block federally regulated event contracts. He said the commission will continue to file lawsuits against states that challenge its authority. He again stressed that derivatives listed on CFTC-regulated exchanges fall under federal oversight, not state gambling laws.

Keyword

#CFTC #FINRA #Major League Baseball #Kalshi #Polymarket
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