The U.S. Commodity Futures Trading Commission and the NHL signed a memorandum of understanding to strengthen the regulation of the prediction market.

Odaily Planet Daily reports that the U.S. Commodity Futures Trading Commission (CFTC) and the National Hockey League (NHL) have signed a memorandum of understanding to strengthen the regulation of the prediction market. The two organizations will enhance information sharing and collaboration to maintain the fairness and integrity of the professional hockey games and related event contracts market. This includes strengthening their existing event integrity monitoring system and improving their ability to identify, prevent, and respond to potential risks. With the continued rise in popularity of platforms such as Kalshi and Polymarket, especially after the 2024 U.S. presidential election cycle, the sports and event prediction market is rapidly entering the mainstream financial and regulatory purview. (The Block)