CFTC and NHL Forge MOU to Strengthen Oversight of Betting Markets

(AsiaGameHub) –   The two organizations announced they will share information to protect the integrity of hockey and related event contracts.

U.S. — The Commodity Futures Trading Commission (CFTC) and the National Hockey League (NHL) have officially signed a Memorandum of Understanding (MOU). The two groups stated they will exchange information and coordinate efforts to safeguard the integrity of both professional hockey and related event contracts hosted on CFTC-regulated exchanges.

“The CFTC and NHL have each appointed dedicated representatives, who will discuss integrity-related issues, share information confidentially, and maintain open lines of communication between the two bodies,” the organizations shared in a joint statement.

CFTC chairman Michael S. Selig said: “I am proud that the CFTC and NHL have formally signed this MOU, which advances the agency’s commitment to improving data sharing between professional sports leagues and the Commission. This agreement is another key step toward protecting the integrity of sports and shielding prediction market participants from insider trading, fraud, and other types of abuse. I applaud NHL Commissioner Bettman for collaborating with the CFTC and taking a leading role in safeguarding the integrity of professional hockey within our markets.”

NHL Commissioner Gary Bettman added: “Integrity has always been and remains the top priority for the NHL, and it is fundamental to the trust our fans and partners place in our game. Our agreement with the CFTC enhances the comprehensive integrity monitoring systems we already have in place, and strengthens our ability to identify, deter, and address potential risks. This MOU reflects a shared commitment to transparency, oversight and protecting the integrity of the game.”