I’m pleased the
@CFTC and
@NBA have signed an MOU continuing the Commission’s commitment to increasing data sharing between the agency and professional sports leagues. The NBA joins the
@MLB and
@NHL in taking a responsible step toward protecting sports integrity and market participants from abuses in prediction markets like insider trading and fraud.
I thank NBA Commissioner Adam Silver for putting the integrity of professional basketball and America’s financial markets first and for working with the agency on this MOU.