NBA President Adam Silver said in an interview on Friday that he hopes to collect data to predict the market to monitor and detect insider trading practices. Silver said, “Whether it's called predictive markets or sports betting, for our league, I think the problems faced by all sports leagues are the same, and the issue of integrity always comes first. We want to get the relevant data, and we also want to have control over this market.” Taking the contract relating to whether the head coach will be fired as an example, Silver called such a deal an “abnormal act.” Just a day before this statement, the NFL submitted an amicus curiae opinion to the Supreme Court, supporting the New Jersey regulator's claim that sports contracts in the prediction market fall under the category of gambling and are not financial swap products. Financial swap products are regulated at the federal level by the US Commodity Futures Trading Commission.

Zhitongcaijing · 1d ago
NBA President Adam Silver said in an interview on Friday that he hopes to collect data to predict the market to monitor and detect insider trading practices. Silver said, “Whether it's called predictive markets or sports betting, for our league, I think the problems faced by all sports leagues are the same, and the issue of integrity always comes first. We want to get the relevant data, and we also want to have control over this market.” Taking the contract relating to whether the head coach will be fired as an example, Silver called such a deal an “abnormal act.” Just a day before this statement, the NFL submitted an amicus curiae opinion to the Supreme Court, supporting the New Jersey regulator's claim that sports contracts in the prediction market fall under the category of gambling and are not financial swap products. Financial swap products are regulated at the federal level by the US Commodity Futures Trading Commission.