U.S. moves to tighten regulation of sports prediction markets

The National Collegiate Athletic Association (NCAA) sent a written testimony to the Commodity Futures Trading Commission (CFTC) urging the agency to suspend collegiate sports prediction markets and to impose a mandatory 21‑plus age limit, citing threats to student‑athletes and competition integrity. The testimony was referenced during a House Subcommittee hearing on July 21.

Separately, the Pennsylvania House introduced bipartisan Bill 2711 on July 22, which would bar gambling companies, including sportsbooks such as DraftKings and Flutter, from serving as liquidity providers or market makers on prediction‑market platforms. The bill also sets a 21‑plus age restriction, assigns enforcement to the state Attorney General, and proposes licensing and a combined 22% tax on platforms. Both actions reflect growing federal and state scrutiny of rapidly expanding prediction‑market services like Kalshi and Polymarket.