NHL Agrees to Share Data With the CFTC for Prediction Market Integrity
The National Hockey League (NHL) and the Commodity Futures Trading Commission (CFTC) have signed a memorandum of understanding (MOU) to strengthen integrity and transparency in sports prediction markets. This agreement focuses on sharing information, particularly concerning hockey-related bets, to enhance identification and prevention of risks like insider trading, fraud, and other abuses. The CFTC sees this partnership as part of its ongoing efforts to regulate and oversee prediction markets, building on its previous agreement with Major League Baseball and recent guidance on event market rules. Growing scrutiny follows high-profile insider trading incidents, including alleged abuses in military event markets and sports predictions. Major prediction market platforms, such as Kalshi and Polymarket, are also adopting new controls and collaborating with firms like Palantir to implement advanced integrity monitoring and surveillance systems. Both the NHL and CFTC emphasize a shared commitment to fair, transparent, and well-regulated prediction markets to safeguard the integrity of the sports and the broader market.
