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The pro football league sent a letter to operators such as Kalshi and Polymarket Sunday, asking them to stop offering trades on what announcers say during broadcasts, what celebrities attend games and other things that can be easily manipulated, ESPN reported. The NFL also asked them to stop offering trades on “inherently objectionable” topics like player injuries and fan safety. (ESPN)
Talking point: Prediction markets, in which users bet on the outcome of real-world events, are a huge and growing business, with trading volume quadrupling to US$63.5 billion between 2024 and 2025. Among policymakers, concern is also growing about how to respond. Federal prosecutors in New York City recently met with Polymarket representatives as part of an investigation into whether certain bets may have violated insider trading and other laws, CNN reported, citing unnamed sources. The Canadian Investment Regulatory Organization last week clarified that securities dealers can offer prediction markets trading under tight restrictions.
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