NCAA Asks CFTC to Droop School Prediction Markets

The National Collegiate Athletic Association (NCAA) has called on the Commodity Futures Trading Commission to suspend college sports prediction markets until rules are implemented to protect student athletes.

NCAA President Charlie Baker asked CFTC Chair Michael Selig in a letter on Wednesday to “suspend collegiate sport prediction markets until a more robust system with appropriate safeguards is in place.”

Baker said that the “growth and haphazard nature” of sports prediction markets has contributed to more harassment directed at student athletes by bettors, negatively affecting their well-being.

He added that most states restrict sports gambling to those aged 21, while prediction markets allow users as young as 18, which could “heavily entice college students — and even high school students — into engaging in these markets in a harmful way.”

Baker asked for age and advertising restrictions, a more robust integrity monitoring system, anti-harassment measures, and harm reduction resources.

Prediction markets such as Kalshi and Polymarket have exploded in popularity and usage in recent months, with bets on sports event contracts a large portion of their volumes.