The NFL has made clear its stance against sports prediction markets, stipulating that the league’s regular sports betting rules apply to these platforms as well.
Sabrina Perel, the NFL’s Chief Compliance Officer, said on a media call with reporters: “Our view is that these platforms mimic sports betting and that they are covered as prohibited conduct under our policy. That would be for all of our personnel, and now we’re educating on this point as well.”
In addition, the NFL has urged the Commodity Futures Trading Commission to tightly regulate such markets after submitting written comments calling for oversight, as reported by Legal Sports Report.
During the media briefing, the league made it clear that they viewed sports prediction markets through the same lens as traditional betting, and hence any and all league rules would apply likewise to both parties. This prohibits players and league members from using these alternate platforms.
“For us, the key distinction is that for now, prediction markets lack certain regulatory requirements that we know regulated sportsbooks are subject to,” said David Highhill, the NFL’s Vice President of Sports Betting. “So for us, we’re concerned that if these markets aren’t properly regulated, they could be susceptible to manipulation or price distortion.”
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The NFL has made clear its stance against sports prediction markets, stipulating that the league’s regular sports betting rules apply to these platforms as well. Sabrina Perel, the NFL’s Chief Compliance Officer, said on a media call with reporters: “Our view is that these platforms mimic sports betting and that they are covered as prohibited…
The post NFL issues warning to prediction markets appeared first on G3 Newswire.