Over the past several months, the National Basketball Association has intensified its scrutiny of sports prediction markets, becoming the second major U.S. league to formally raise concerns with the Commodity Futures Trading Commission (CFTC). In a detailed letter, the NBA urged the federal regulator to impose stricter oversight on exchanges like Kalshi, Robinhood, and Crypto.com, citing significant integrity threats posed by unregulated or lightly regulated contracts tied to sports outcomes. NBA seeks safeguards amid market growth: The NBA’s submission to the CFTC highlighted what it called a troubling regulatory … Continue reading NBA Presses CFTC for Oversight as Prediction Markets Expand Rapidly