The U.S. Commodity Futures Trading Commission (CFTC), under the leadership of Republican Michael Selig, has signed a memorandum of understanding with the National Hockey League (NHL). This agreement aims to protect the integrity of professional hockey and ensure a fair and transparent environment in prediction markets. This is reported by Cointelegraph.com reports .
In a statement on Thursday, Michael Selig emphasized that this step will protect users from insider trading, fraud, and other abuses. The CFTC is currently seeking to maintain its "exclusive jurisdiction" over platforms such as Kalshi and Polymarket. In March, the agency signed a similar agreement with Major League Baseball.
According to the CFTC, the agreement with the NHL allows both parties to exchange information and coordinate the security of professional hockey and related event contracts. Currently, various contracts for the Stanley Cup playoffs, which began in April, are listed on the Kalshi and Polymarket platforms.
The financial regulator, led by Michael Selig, has repeatedly claimed that it has the sole right to oversee prediction markets. For this reason, the CFTC has filed lawsuits against officials in the states of Ohio, Connecticut, Illinois, and New York, and recently opposed Minnesota's decision to ban these platforms.
Although the CFTC leadership is supposed to consist of a five-member commission, Selig has been acting as the sole member since December. U.S. President Donald Trump has not yet announced candidates to fill the vacancies. At the same time, Polymarket has submitted a certification letter to the commission allowing the consolidation of multiple event contracts on the platform.
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