NFL bans prediction market betting

[The Buzz]

The NFL has issued a clear directive prohibiting players and staff from using federally regulated prediction markets to bet on NFL games. The league stated that these platforms, which are overseen by the Commodity Futures Trading Commission (CFTC), are considered the same as traditional sports betting under NFL policy.

This comes as the NFL maintains sportsbook partnerships with DraftKings, FanDuel, and Caesars.

In a statement on Monday, Kalshi, a federally regulated prediction market, responded to the NFL's new ban. Kalshi's Head of Corporate Development, Sara Slane, noted recent additions to safeguard users, including deposit limits, self-exclusion measures, and a partnership with an external compliance firm. She stated, "We are committed to working with the NFL and all leagues to address their concerns, share data, and be as transparent as we are legally allowed to be."

From InGame.com:

Players are forbidden to use prediction markets to speculate on NFL games, ever, and are barred from any type of gambling while working or on team property.

All other league employees are barred from using prediction markets for anything, in keeping with the league’s sports betting policy.

“Our view,” Sabrina Perel, NFL vice president and chief compliance officer said on Monday’s call, “is that these platforms mimic sports betting and that they are covered as prohibited conduct under our policy, and that will be for all of our personnel. And now we’re educating on this point as well, specifically stating that engaging in these platforms would be prohibited under the policy.”

NFL Vice President of Sports Betting David Highhill, noting that the league submitted objections to the Commodities Futures Trading Commission (CFTC) in 2024 over prediction markets like Kalshi being allowed to offer sports events contracts, described them as susceptible to manipulation and price distortion. They lack, he added, “regulatory requirements that we know regulated sportsbooks are subjected to.”

“I think what’s important about the sports betting markets right now that are legal is they have robust protections that include information-sharing between sportsbooks and the leagues,” he continued. “There’s integrity-monitoring requirements. There’s prohibitions on certain types of wagers or markets that are more subject to influence. And there’s the requirements sometimes to use consistent and reliable official league data. And there’s also mandatory responsible betting requirements and resources.

Read more here: https://www.ingame.com/nfl-prediction-market-ban/

[dapbet]

The NFL has issued a clear directive prohibiting players and staff from using federally regulated prediction markets to bet on NFL games. The league stated that these platforms, which are overseen by the Commodity Futures Trading Commission (CFTC), are considered the same as traditional sports betting under NFL policy.

This comes as the NFL maintains sportsbook partnerships with DraftKings, FanDuel, and Caesars.

In a statement on Monday, Kalshi, a federally regulated prediction market, responded to the NFL's new ban. Kalshi's Head of Corporate Development, Sara Slane, noted recent additions to safeguard users, including deposit limits, self-exclusion measures, and a partnership with an external compliance firm. She stated, "We are committed to working with the NFL and all leagues to address their concerns, share data, and be as transparent as we are legally allowed to be."

From InGame.com:



Read more here: https://www.ingame.com/nfl-prediction-market-ban/

Very interesting development, on a market category which is fast growing,