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CFTC sends memo to sports leagues, warns operators on vulnerable sports contracts
- CFTC sends memo to sports leagues, warns operators on vulnerable sports contracts — The CFTC sent a memorandum to major U.S. sports leagues asking for conversations about sports prediction markets, with a league source telling Front Office Sports the agency is in the asking stage rather than active talks. The notice reminded operators including Kalshi, Polymarket, Robinhood and Crypto.com that they are responsible for ensuring their markets are legally compliant, and flagged contracts vulnerable to manipulation such as individual player injuries or player props. (GambleRss)
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