NHL, CFTC team up with memorandum of understanding as sports-based prediction markets balloon
60-second summary
The National Hockey League (NHL) and the Commodity Futures Trading Commission (CFTC) are teaming up with a memorandum of understanding, marking another significant step in the growth of sports-based prediction markets. This collaboration comes as prediction markets balloon, with the CFTC's efforts to establish clear regulations paving the way for mainstream adoption and potential new revenue streams for sports leagues.
Prediction markets are skating out of the penalty box into the mainstream as the CFTC strikes another agreement with a major sports league.