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Market
Sports Leagues' Response to CFTC's Betting Ban Proposal by Mid-2024
5
Resolution / Starting Odds
Strong Opposition • 33%
Neutral/No Official Position • 34%
Supportive • 33%
Official statements from major sports leagues or associations
Story
CFTC to Propose Ban on Election and Sports Betting Derivatives, Impacting PredictIt, Polymarket, Insight Prediction
May 11, 2024, 02:38 PM
The Commodity Futures Trading Commission (CFTC) is set to propose a ban on derivatives related to election outcomes and sports events in the US. This move could impact platforms like PredictIt, Polymarket, and Insight Prediction. The ban aims to restrict trading on events, with concerns raised about limiting access to predictive market information.
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Support FIFA's schedule • 25%
Oppose FIFA's schedule • 25%
Propose alternative schedule • 25%
Take no official stance • 25%
Increase in legal streaming options • 25%
Partnerships with tech companies • 25%
Public awareness campaigns • 25%
No significant change • 25%
Yes, CFTC imposes the ban • 50%
No, CFTC does not impose the ban • 50%
Stricter Policies • 33%
Current Policies Enforced • 33%
Looser Policies • 34%
No action taken • 33%
Fined for oversight failures • 33%
License suspension or revocation • 34%
Fully accept the proposal • 25%
Partially accept the proposal • 25%
Reject the proposal • 25%
Propose an alternative • 25%
Support from Democratic leaders • 33%
Support from Republican leaders • 33%
Mixed or no clear support from either party • 34%
Direct support for the rule • 25%
Neutral stance • 25%
Opposition to the rule • 25%
No involvement • 25%
Support from Democrats • 33%
Support from Republicans • 33%
Opposition from both parties • 34%
