U.S. CFTC partners with professional sports leagues to combat prediction market manipulation or ban the listing of illegal contracts

MarsBitNews · 2026-03-31T02:52:26+00:00

Mars Finance News: Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated in an ESPN interview that the agency will diligently fulfill its regulatory responsibilities to combat manipulated prediction market contracts. Currently, the agency has partnered with several professional sports leagues to crack down on prediction market manipulation to ensure the mechanisms are properly designed. Mike Selig added that when sports leagues raise concerns about manipulation risks for contracts proposed to be listed on prediction markets, the CFTC will conduct careful assessments and may take measures to prohibit the listing of violating contracts.

MarsBitNews

2026-03-31 02:52:26

Mars Finance news: During an interview with ESPN, Mike Selig, chairman of the U.S. Commodity Futures Trading Commission (CFTC), said that he will seriously carry out his regulatory responsibilities to crack down on manipulated prediction market contracts. He added that the regulator has already partnered with multiple professional sports leagues to combat prediction market manipulation, to ensure that the relevant mechanisms are designed appropriately. Mike Selig further said that when sports leagues raise concerns about manipulation risks for contracts proposed to be listed on prediction markets, the U.S. Commodity Futures Trading Commission will assess them carefully and may take measures to prevent noncompliant contracts from being listed.

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