NCAA Urges Pause on College Sports Prediction Markets

[cryptobro]

National Collegiate Athletic Association has formally asked federal regulators to halt college sports prediction markets until stronger protections are in place for student athletes. In a letter to Commodity Futures Trading Commission Chair Michael Selig, NCAA President Charlie Baker warned that the rapid expansion of these markets is outpacing safeguards.

Baker argued that the unstructured growth of prediction markets has fueled increased harassment of college athletes by bettors, harming their mental health and well-being. He also highlighted age concerns, noting that while most states restrict sports gambling to people 21 and older, prediction markets often allow participation starting at 18.

[mendez]

the harassment angle is real, bettors get unhinged over way smaller stakes