Overview
- Jeff Miller, an NFL executive vice president, submitted written testimony to the House Agriculture Committee for its CFTC oversight hearing on prediction markets.
- The NFL argued that sports-related contracts now trade in all 50 states while legal sportsbooks operate in 39 states and D.C., placing these markets beyond state regulators.
- The league warned that trading volumes could surpass sportsbooks and heighten contest-integrity risks, citing contracts on broadcast phrases like "concussion protocol" and "roughing the passer."
- The testimony urged Congress and the CFTC to prohibit objectionable sports-related contracts and to require integrity and consumer protections before broader approval.
- The Coalition for Prediction Markets countered that CFTC anti-manipulation rules already apply and said platforms deploy tools to deter abuse, as legal fights with state regulators continue and major operators pursue prediction-market launches and partnerships.