US Calls for Restrictions on Sports Prediction Markets

cryptonews.ruPubblicato 2026-07-28Pubblicato ultima volta 2026-07-28

Introduzione

The National Football League (NFL) has urged the U.S. Commodity Futures Trading Commission (CFTC) to tighten rules for prediction markets on sports events. In a July letter, the NFL argued that current proposals fail to adequately protect the integrity of games and market participants. Key demands include banning contracts on events easily manipulated by individuals (e.g., a kicker missing a field goal), clarifying definitions to prevent gambling-like contracts, and explicitly prohibiting trading based on non-public insider information. The league also called for restricted person lists, a ban on margin trading, advertising limits, stronger user protections, and a minimum age of 21. This push coincides with an ongoing jurisdictional dispute between the CFTC and several states. The CFTC claims exclusive federal oversight, classifying event contracts as swaps, while states argue these platforms violate local gambling laws. Recent legal actions in Michigan and Minnesota highlight the conflict, with a federal court temporarily blocking Minnesota from applying a new law to CFTC-registered platforms like Kalshi and Polymarket. Meanwhile, prediction markets are experiencing significant growth. In June, driven by events like the World Cup, Kalshi's trading volume exceeded $31 billion (85% from sports contracts), while Polymarket's global platform hit a monthly record of $10.8 billion. However, platforms face legal challenges, such as lawsuits from Kentucky accusing them of operatin...

The National Football League (NFL) has called on the U.S. Commodity Futures Trading Commission (CFTC) to tighten regulations for prediction markets on sporting events. This was stated in a letter dated July 27.

The NFL noted that maintaining the integrity of the games is its top priority. In the league's opinion, the rules proposed by the regulator do not provide sufficient protection for competitions and market participants.

Manipulation

The NFL proposed restricting contracts on events that could be manipulated by one person or a small group of individuals. Examples cited included bets on a kicker missing a field goal or a quarterback throwing an inaccurate first pass.

Separately, the league asked the CFTC to clarify the definition of contracts that cannot be meaningfully distinguished from gambling.

NFL representatives also criticized the possibility of an exemption for markets on awards and voting. They believe this could allow platforms to circumvent restrictions by adding a formal voting or award-granting element to sports contracts.

As a controversial example, The Block cited a market on the winner of the Offensive Player of the Year award. The outcome of such a contract depends on a voting panel, but the subject itself is related to player performance.

Insider Information

Another set of proposals concerns material non-public information. The NFL urged the CFTC to explicitly state that trading sports contracts based on confidential league, team, or related-party information should be considered a manipulative or deceptive practice.

The letter's authors also proposed introducing mandatory lists of individuals prohibited from trading contracts for specific competitions. The NFL believes platforms should not rely solely on their own controls.

Furthermore, the league reiterated previous demands: a ban on margin trading, advertising restrictions, additional user protection measures, and an age threshold of 21.

The CFTC and States Dispute Continues

Meanwhile, questions remain regarding the regulation of prediction markets at the federal and local levels. CFTC Chairman Michael Selig insists that the agency has "exclusive jurisdiction" over the sector, as event contracts fall under the category of swaps. States object, arguing that platforms violate local gambling laws.

In July, this dispute put Kalshi in a difficult position. The CFTC demanded that the platform settle transactions for Michigan residents normally, even though a state court ordered it to annul the same operations in late June.

At the end of the month, a U.S. Federal Court temporarily prohibited Minnesota from applying a new law to platforms registered with the Commodity Futures Trading Commission. Kalshi and Polymarket US will continue operating in the state until the dispute is resolved. The judge considered that some contracts on event outcomes might fall under the exclusive jurisdiction of the CFTC.

Industry organizations are also dissatisfied. For example, American gambling associations have called on the U.S. Senate to ban prediction markets related to sports and gambling.

Premudrye Kity

Amid the FIFA World Cup, Kalshi and Polymarket surpassed traditional U.S. bookmakers. In June, Kalshi's trading volume exceeded $31 billion — 70% higher than May's figure. According to Dune, sports contracts accounted for 85% of the platform's turnover.

The international platform Polymarket updated its monthly record to $10.8 billion. Its regulated U.S. version collected $3.5 billion.

Recall that in June, Kentucky authorities filed lawsuits against Kalshi and Polymarket. The state accused the platforms of operating unlicensed sports betting under the guise of prediction markets.

Domande pertinenti

QWhich U.S. sports league has called on the CFTC to tighten rules for sports prediction markets, and what is their main stated priority?

AThe National Football League (NFL) has called on the U.S. Commodity Futures Trading Commission (CFTC) to tighten the rules. Their main stated priority is the preservation of game integrity.

QWhat specific examples did the NFL provide of event contracts that could be manipulated by a small group of people?

AThe NFL provided examples such as contracts based on whether a kicker misses a field goal or whether a quarterback's first pass is incomplete.

QAccording to the article, what is the core of the jurisdictional dispute between the CFTC and U.S. states regarding prediction markets?

AThe CFTC chairman insists the agency has 'exclusive jurisdiction' over the sector because event contracts fall under the category of swaps, while states argue that the platforms violate local gambling laws.

QWhat recent legal action caused difficulty for the prediction market platform Kalshi in July?

AIn July, Kalshi was put in a difficult position when the CFTC demanded it settle trades for Michigan residents as usual, while a Michigan state court had ordered it to cancel those same operations in late June.

QWhich two prediction market platforms reportedly surpassed traditional U.S. sportsbooks in trading volume during the World Cup, and what were their approximate June trading volumes?

AKalshi and Polymarket reportedly surpassed traditional sportsbooks. In June, Kalshi's trading volume exceeded $31 billion, and Polymarket's international platform set a monthly record of $10.8 billion, with its regulated U.S. version at $3.5 billion.

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