NFL Gets Veto Power Over Your Polymarket Bets on Coach Firings
The NFL has reportedly sent letters to prediction market platforms including Kalshiand Polymarket, demanding they block trades on football events that can be easily manipulated or determined in advance. Because nothing screams "competitive integrity" quite like a league telling degenerate gamblers which futures they're allowed to lose money on.
According to an ESPN report, the league objected to certain event contracts that a single person could influence — think announcer's remarks, player signings, coach firings and injury-related bets. League executive VP Jeff Miller said the letter followed discussions with the US Commodity Futures Trading Commission. Apparently, the NFL thinks your Polymarket account is just one rogue commentator away from destroying the entire sport.
CFTC Chair Michael Selig made it clear the agency will side with the league. In a Monday interview, he said: "When a league raises manipulation concerns about a contract proposed to be listed on a prediction market, the agency considers the league's concerns and may prohibit the contract from being listed." He added that the leagues are "very well positioned to make those calls" and the CFTC will "afford a lot of deference to the leagues on these types of issues." Translation: the leagues get the final say, and your contrarian bets on when Bill Belichick gets fired are now dead in the water.
The move fits a broader pattern. Under Selig, the CFTC has been staking claim to "exclusive jurisdiction" over prediction markets, even as multiple US state
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