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NFL Pushes CFTC to Tighten Rules on Sports Prediction Markets

The National Football League has urged the Commodities and Futures Trading Commission to restrict certain sports-related prediction market contracts and raise minimum participation age requirements. This comes as regulators develop new rules for the rapidly expanding sector. In a letter to CFTC Chairman Michael Selig, NFL Senior Vice President Brendon Plack recommended banning contracts deemed easily manipulable by individual actors, such as whether a kicker will miss a field goal or a quarterback's opening pass will be incomplete. The league also called for restrictions on contracts involving events knowable in advance, like the first play of a game, and those tied to inherently objectionable occurrences such as player injuries. Additionally, the NFL seeks to prohibit "mentions" contracts involving broadcaster commentary. The league proposed raising the minimum age requirement to 21 years old, aligning with standard online sports betting thresholds. The recommendations aim to protect sporting event integrity and prevent fraudulent behavior.