The National Hockey League (NHL) has formed a data-exchange agreement with the U.S. Commodity Futures Trading Commission (CFTC) to ensure the integrity of prediction markets associated with professional hockey.

This agreement, signed by CFTC Chairman Michael Selig and NHL Commissioner Gary Bettman, creates a framework for both organizations to share confidential information, appoint representatives for ongoing collaboration, and tackle issues relating to the integrity of professional hockey and event contracts traded on CFTC-governed exchanges.

“This agreement marks a significant step in safeguarding sports integrity and shielding market participants engaged in prediction markets from insider trading, fraud, and other malpractices,” stated Selig.

This partnership follows a similar arrangement that the CFTC established with Major League Baseball (MLB) earlier this year in March.

Prediction markets enable users to trade contracts based on sports event outcomes and are facing increased scrutiny over concerns surrounding potential market manipulation, insider trading, and match-fixing.

Professional sports leagues are increasingly collaborating with regulators and betting platforms to monitor suspicious actions and boost safeguards against corruption that could jeopardize fair competition.

The NHL has also established connections with prediction market platforms like Polymarket and Kalshi. Additionally, Polymarket has inked separate agreements with MLB, Major League Soccer (MLS), and the Ultimate Fighting Championship (UFC).