[US CFTC in Talks with Multiple Professional Sports Leagues on Prediction Market Regulatory Cooperation] Odaily Planet Daily News – Michael Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated that the regulatory agency is engaging in discussions with all major U.S. professional sports leagues to strengthen the regulatory framework for sports-related prediction markets and to prevent risks of insider trading and market manipulation. Michael Selig revealed at the FINRA Annual Conference in Washington that the CFTC had previously signed an information-sharing memorandum of understanding with Major League Baseball (MLB), marking its first formal data collaboration mechanism with a professional sports league. This initiative comes as prediction market platforms (such as Kalshi and Polymarket) continue to expand their sports contract businesses, sparking legal disputes between state-level gambling regulators and federal regulatory authority. (CoinDesk)