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NHL signs prediction market integrity memo with CFTC

NHL signs information-sharing agreement with CFTC to protect prediction market integrity, following similar MLB deal.

Benjamin Moore
ByBenjamin Moore- Senior Editor
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The National Hockey League has signed an information-sharing agreement with the U.S. Commodity Futures Trading Commission (CFTC) to ensure the integrity of prediction markets tied to professional hockey.

Signed by CFTC Chairman Michael Selig and NHL Commissioner Gary Bettman, the deal designates representatives to meet, exchange confidential information, and coordinate on issues affecting the integrity of professional hockey and related event contracts traded on CFTC-regulated exchanges.

“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,” Selig said.

The NHL deal follows a similar one the CFTC signed with Major League Baseball in March.

The growing popularity of sports betting and prediction markets has raised concerns about potential manipulation and match-fixing.

The CFTC oversees prediction markets that allow trading on the outcomes of sporting events. Professional sports leagues have increasingly sought partnerships with regulators to monitor suspicious betting patterns and protect against corruption.

The NHL has officially partnered with both Polymarket and Kalshi, while Polymarket has also secured separate agreements with MLB, MLS and UFC.

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NHL signs prediction market integrity memo with CFTC | Bond.az