The National Hockey League (NHL) has entered into an agreement with the U.S. Commodity Futures Trading Commission (CFTC) aimed at enhancing the integrity of prediction markets associated with professional hockey.
This agreement, which was signed by CFTC Chairman Michael Selig and NHL Commissioner Gary Bettman, sets up a framework for the exchange of confidential information between the two organizations. It also designates representatives for ongoing collaboration and addresses issues related to the integrity of professional hockey and event contracts traded on CFTC-regulated platforms.
Chairman Selig noted, “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.”
This new deal follows a similar arrangement made between the CFTC and Major League Baseball (MLB) earlier this year in March.
Prediction markets, which allow users to trade contracts based on the outcomes of sports events, have come under increased scrutiny due to concerns about potential market manipulation, insider trading, and match-fixing.
Professional sports leagues are increasingly collaborating with regulators and betting platforms to monitor suspicious activities and bolster protections against corruption that could jeopardize fair competition.
Additionally, the NHL has formed partnerships with prediction market platforms such as Polymarket and Kalshi. In parallel, Polymarket has also established agreements with MLB, Major League Soccer (MLS), and the Ultimate Fighting Championship (UFC).