NHL and MLB Sign With Polymarket and Kalshi as Their Unions Ask CFTC to Intervene
Briefly

NHL and MLB Sign With Polymarket and Kalshi as Their Unions Ask CFTC to Intervene
"The player unions urged the CFTC to prohibit contracts based on negative outcomes that can be manipulated by individuals, such as bets on injuries or penalties. They also requested a ban on mention contracts related to specific words spoken during broadcasts, arguing these are another form of betting on negative outcomes."
"The unions highlighted that prop bets on individual athlete performance expose players and their families to harassment from disgruntled bettors, with a significant percentage of players reporting negative changes in fan treatment due to legalized sports betting."
Player unions representing the NFL, MLB, NBA, NHL, and MLS filed a joint comment with the CFTC, urging a ban on negative outcome contracts and mention contracts. These contracts can be manipulated and include bets on injuries or penalties. The unions expressed concerns about harassment faced by players from bettors, citing a survey indicating that 78% of baseball players felt legalized sports betting negatively impacted fan interactions. The unions emphasized the need for regulation to protect players and their families.
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