NFL urges CFTC to strengthen rules on sports prediction markets: report
The Block·
60-second summary
The NFL is urging the CFTC to strengthen rules on sports prediction markets, specifically calling for stricter oversight, including age restrictions, in response to the CFTC's recent draft rulemaking. The CFTC's draft proposal aims to regulate prediction markets, which have seen significant growth, with estimated 2023 revenue reaching $1.5 billion, raising concerns about underage betting.
The NFL responded to the CFTC’s recent draft rulemaking calling for stricter prediction markets oversight, including age restrictions.