The players' unions for the NBA, NFL, MLB, NHL, and MLS are advocating for the Commodity Futures Trading Commission (CFTC) to prohibit prediction market platforms from allowing wagers based on player underperformance or injuries. They emphasize the necessity of "appropriate regulations" to shield athletes and their families from potential harassment and abusive conduct.
This appeal follows the CFTC's solicitation for feedback regarding the oversight of prediction markets, including those operated by Kalshi and Polymarket. Besides seeking a ban on these types of bets, the unions are also highlighting broader issues related to athlete protection.