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CFTC Opens Talks With Major U.S. Sports Leagues on Prediction Market Oversight
CFTC Chairman Michael Selig said the agency is in active talks with every major U.S. professional sports league over sports prediction market oversight. The agency signed a data-sharing memorandum with Major League Baseball in March 2026 and is seeking similar arrangements to monitor insider trading and market manipulation in event contracts. Selig also said the CFTC has sued about five or six states that tried to block federally regulated event contracts and is reviewing prediction-market exchange-traded products and funds with the SEC.