The new dilemma in the prediction market: Sports contract dreams shattered between regulation and ethics

【BlockBeats】The prediction market platform has recently been embroiled in a significant controversy. The platform previously submitted documents to the Commodity Futures Trading Commission (CFTC) mentioning plans to launch a U.S. college athlete transfer market contract, but now they have changed their stance—whether these contracts will actually be launched remains uncertain.

Once this news was exposed, the National Collegiate Athletic Association (NCAA) was immediately furious. The association’s president harshly criticized: “We firmly oppose the establishment of prediction markets for college sports. Student athletes have already suffered harassment and abuse due to betting on their performance, and now people want to bet on their transfer movements and career development? This is completely unacceptable.” The president further pointed out that such practices would not only increase pressure on student athletes but also threaten the integrity of competitions and the normal operation of recruitment systems.

It seems that for prediction markets to further expand into traditional sports, a better balance must be found between ethics and regulation.