CFTC and NHL Sign Memorandum for Fair Prediction Markets

The U.S. Commodity Futures Trading Commission (CFTC) and the National Hockey League (NHL) have signed a memorandum of understanding to share information and coordinate efforts to maintain fairness and transparency in prediction markets related to professional hockey and associated events on CFTC-regulated exchanges. According to Foresight News, the memorandum outlines that both the CFTC and NHL will appoint dedicated representatives to communicate regularly, focusing on preventing insider trading, fraud, and other market abuses. The NHL has also stated that it has established multiple layers of market monitoring mechanisms and will work with partners to ensure integrity.