The National Hockey League is the latest professional sports organization to align with the Commodity Futures Trading Commission on prediction market integrity.
The pair said Thursday that they signed a memorandum of understanding (MOU) aimed at maintaining “fair and transparent prediction markets.”
“I’m proud the CFTC and NHL have officially signed an MOU, furthering the agency’s commitment to improve data sharing between professional sports leagues and the Commission,” CFTC Chairman Michael Selig said in a statement.
“This agreement is another step toward safeguarding the integrity of sports and protecting market participants in prediction markets from insider trading, fraud, and other abuses,” he added.
“Our agreement with the CFTC enhances the comprehensive integrity monitoring systems already in place and strengthens our ability to identify, deter, and address potential risks,” NHL Commissioner Gary Bettman said in a statement.
“This MOU reflects a shared commitment to transparency, oversight and protecting the integrity of the game,” he added.
