The NCAA urges the CFTC to suspend prediction markets related to college sports

GateNews

2026-01-15 06:31:53

PANews January 15 News, according to CoinDesk, the National Collegiate Athletic Association (NCAA) has sent a letter to the Commodity Futures Trading Commission (CFTC), requesting a suspension of prediction market trading related to college sports. NCAA believes that these prediction markets are functionally equivalent to sports betting but circumvent protections such as age restrictions, advertising constraints, and integrity monitoring required for licensed sports betting operators. Currently, the trading volume of college sports-related contracts on Polymarket has reached approximately $320 million.

The association is concerned that these markets allow users aged 18 and above to participate, which may attract college students and even athletes themselves; prediction contracts targeting individual athletes could also provoke coercion and harassment, posing a “catastrophic” risk to student-athletes and the entire college sports ecosystem.

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