The National Football League sent a letter to Commodity Futures Trading Commission Chair Michael Selig on July 27 in response to the agency’s recent proposal on prediction market regulation, according to The Block. In the letter, the NFL said protecting game integrity remains its top priority and asked the CFTC to strengthen several parts of the framework. The league specifically called for a narrower definition of high-risk contracts, pointing to contracts that are vulnerable to manipulation, depend on referee discretion, or involve outcomes that may be known in advance. The NFL also objected to what it described as an overly short 10-day pre-approval review window. In addition, it asked for a clearer ban on insider trading and a mandatory league-specific list of prohibited bettors. The letter also reiterated earlier consumer protection proposals, including a ban on margin trading, limits on advertising, and a minimum age requirement of 21.
The National Football League sent a letter to Commodity Futures Trading Commission Chair Michael Selig on July 27, responding to the CFTC’s recent draft framework for prediction market regulation, according to The Block.
In the letter, the NFL said protecting the integrity of games is its top priority. It asked the CFTC to tighten the definition of high-risk contracts, particularly those that are susceptible to manipulation, rely on referee discretion, or involve outcomes that can be known before the event is finalized.
The league also challenged the 10-day pre-approval window, saying the period is too short. It called for a clearer insider trading prohibition and a mandatory league-specific list of banned bettors.
The NFL also reiterated consumer protection measures it had raised earlier, including banning margin trading, limiting advertising, and setting a minimum age threshold of 21.
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