Prediction market platform clarifies stance: will not launch student athlete betting contracts for now, emphasizing compliance with US regulatory framework

【CryptoWorld】The prediction market platform has recently sparked industry discussions due to potential betting contracts involving student-athletes. Although the platform has sought approval from regulatory authorities, there are currently no plans to launch contracts allowing users to bet on whether top college athletes will enter the transfer portal. This move immediately drew strong criticism from NCAA President Charlie Baker. Baker believes such contracts are “absolutely unacceptable,” as they could increase the psychological burden on student-athletes and threaten the fairness of competitions.

The platform subsequently issued a clarification. As a federally regulated exchange, it often undergoes certification processes for multiple markets, but not all markets are necessarily officially listed—this is a normal market assessment mechanism. The platform emphasized that it strictly complies with U.S. commodity trading laws and conducts all operations within the regulatory framework. This response seems to draw a clear line: a cautious policy stance combined with strict legal compliance.