US Commodity Futures Trading Commission Signs MOU with NHL to Strengthen Prediction Market Regulation

Odaily Planet Daily News: The U.S. Commodity Futures Trading Commission (CFTC) has signed a Memorandum of Understanding (MOU) with the National Hockey League (NHL) to strengthen the regulation of prediction markets. The two parties will enhance information sharing and collaboration to safeguard the fairness and integrity of the market for contracts related to professional hockey games and related events. This includes strengthening their existing event integrity monitoring systems and improving their ability to identify, prevent, and respond to potential risks. As platforms like Kalshi and Polymarket continue to gain traction, especially following the 2024 U.S. election cycle, sports and event-based prediction markets are increasingly moving into the mainstream financial and regulatory spotlight. (The Block)