The NFL argued that the CFTC’s prediction-market rule proposal still falls “significantly short” in addressing risks around integrity, consumer protection, and market manipulation.
The deadline for the latest prediction-market rulemaking comment period was Monday evening, and when the clock struck midnight there were only 130 total comments submitted with thoughts on the CFTC’s rule proposal from June. Hundreds of additional comments appeared on the docket Tuesday morning, putting the total at 736. That’s still fewer than the 1,541 submissions from the prior 45-day period, which opened after the federal regulator initially sought comments on how prediction markets should be policed.
In May, a number of public comments came from major sports leagues and related entities, including the NBA, MLB, ATP Tour, PGA Tour, and players unions for the NFL, MLB, NBA, NHL, and MLS. Prediction-market platforms Kalshi and Polymarket also submitted comments then, as did NCAA president Charlie Baker, FanDuel, and DraftKings. The unions jointly submitted one comment right up against the deadline this time, as did the NBA, MLB, MLS, FanDuel, DraftKings, and the NCAA. Others that submitted last-minute comments included Kalshi, Polymarket, and Robinhood.
