NBA Commissioner Adam Silver Seeks Access to Prediction Market Data to Regulate Insider Trading
- 1NBA Commissioner Adam Silver stated that he wants access to prediction market data and market control to regulate and detect insider trading.
- 2Commissioner Adam Silver said it would be beneficial to have a consistent nationwide policy as there are currently about 40 jurisdictions regulating the NBA.
- 3The NFL filed a legal advisory brief to the Supreme Court on Thursday, arguing that sports contracts in prediction markets constitute gambling rather than financial swaps.
So what's the key point?
The head of the NBA said he wants to see prediction market data to prevent insider trading. He intends to manage the market by creating uniform rules nationwide.
Source CNBC · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.