CFTC discusses prediction markets with sports leagues

The U.S. Commodity Futures Trading Commission (CFTC) is actively engaging with major professional sports leagues regarding the oversight of prediction markets. CFTC Chairman Michael Selig indicated that the agency is exploring how these markets function and their potential regulatory implications. The commission has previously pursued legal action against several states, asserting that sports contracts should be classified as derivatives rather than simple betting instruments. This initiative signals a growing interest from financial regulators in the intersection of sports, betting, and financial market structures.