Sports
NCAA asks CFTC to suspend prediction markets
The NCAA asked a federal regulatory body Wednesday to stop prediction markets from offering trades on college sports until more safeguards are in place.
In a letter addressed to the chairman of the Commodity Futures Trading Commission, the federal agency that regulates prediction markets, NCAA president Charlie Baker said the growth of prediction markets poses a threat to the well-being of student-athletes as well as the integrity of competition.
“I implore you to suspend collegiate sport prediction markets until a more robust system with appropriate safeguards is in place,” Baker wrote.
Baker identified several areas where he believes prediction markets need additional safeguards: age restrictions, advertising restrictions, robust integrity monitoring, the involvement of national governing bodies such as the NCAA, restrictions on prop bets, harm reduction resources and anti-harassment measures.
Kalshi, a leading prediction market company, uses IC360, a firm that monitors the betting market for irregularities and works with sports leagues, including the NCAA. Baker acknowledged that some prediction markets monitor for integrity concerns but said “heightened levels of review that don’t exist in many prediction markets” are needed, such as tracing the geolocation of bettors. He also said prediction market operators are not required to report integrity concerns to other operators through an intermediary — a requirement for sportsbooks in most states.
He added that the NCAA is willing to work with the CFTC to develop these protections, which exist for legal sportsbooks.
ESPN has reached out to the CFTC and the Coalition for Prediction Markets, which represents many of the largest operators, for comment.
Baker also discussed the request in a speech Wednesday at the 2026 NCAA Convention.
“So-called prediction markets are offering what anyone can see is unregulated betting on college games,” he said. “We need federal regulators to stabilize this market.”
In his speech, Baker referenced the steps Kalshi had taken to offer markets on the transfer portal as an example of why the NCAA needs federal intervention. In December, Kalshi notified the CFTC that it was self-certifying markets on whether college athletes would enter the transfer portal. Though Kalshi said it has no immediate plans to begin offering trading on the portal, the decision drew sharp criticism from the NCAA.
Prediction markets, which allow users to trade on the yes/no outcome of events, including sports, have increased in popularity over the past year. While traditional sportsbooks operate in 39 states and the District of Columbia, where the betting age is usually 21, prediction markets are available in all 50 states to users 18 and older.
Oversight of prediction markets is a hotly contested legal issue. State gambling regulators, which oversee traditional sportsbooks, are locked in legal battles in multiple states with leading prediction market companies.
Those companies say they are not sportsbooks because users are not going up against the house but instead trading contracts with other users on the opposite side of the proposition. While bookmakers charge a vig, or commission, on losing wagers, prediction markets make money from a transaction fee, similar to a broker, and have no stake in the result.
Major sports leagues have so far been split on the question of prediction markets. The NFL has expressed its concern about the industry’s rise to Congress, while the NHL and UFC have inked deals with Kalshi and prediction market company Polymarket.
Sports
Son of a franchise legend will be the Commanders’ quarterbacks coach
D.J. Williams, son of former quarterback Doug Williams, will join the Commanders’ coaching staff. He spent this past season with the Atlanta Falcons.
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Sports
CSC urges schools to agree to pay-for-play rules
OXON HILL, Md. — The head of the new regulatory body for college sports urged schools to sign an agreement sent out nearly two months ago pledging to abide by new rules that govern how to pay players, saying, “If there was a time to stick out your neck, it’s now.”
Bryan Seeley, the CEO of the 7-month-old College Sports Commission, used his presentation at the NCAA convention Wednesday to thank leaders from four schools who put out a statement backing the agreement. He urged others to sign on.
“My sense is that the vast majority of schools want to sign this,” Seeley said. “But I suspect if a school wants this, you’re thinking, ‘Why am I going to stick my neck out [if other schools won’t also sign],'” Seeley said. “If there was a time to stick out your neck, it’s now.”
In late November, the CSC sent its university participation agreement, an 11-page document that all 68 schools from the four largest Division I conferences need to sign for it to go into effect. It outlines the CSC’s role in monitoring how schools pay out the $20.5 million they’re allowed to spend on players’ name, image and likeness and looks at how the CSC regulates third-party payments to players.
But the most contentious part of the agreement is language that forbids schools from suing the agency.
Texas Attorney General Ken Paxton, in directing that state’s schools not to sign, called the agreement a “power grab.” Other state AGs followed suit.
On Tuesday, school presidents at Arizona, Washington, Virginia Tech and Georgia released a statement urging their colleagues to sign on.
“Stability is not created by new rules alone, but by a willingness to live by them,” the statement read.
Seeley latched onto that with a plea of his own to a roomful of college sports administrators.
“I’m not of the belief that college sports is fundamentally broken and the sky is falling, but there are definitely problems,” Seeley said. “No one from the outside is coming to fix those problems. We’ll either collectively come together to fix those problems or they won’t be fixed.”
Seeley said the CSC is talking to the conferences about tweaking some of the language — “fair feedback,” he called it — while cautioning that other proposed changes “would water the document down such that it has no enforcement … and would make it meaningless.”
Debate over the consequences of all 68 schools not signing the agreement has run the gamut, from those who believe the CSC could enforce its rules anyway to others who think it would eventually shutter the entire system.
Seeley gave a nod to proposals, now stalled in Congress, that could add muscle to many of the CSC’s functions.
“But we don’t know when that help is coming, and in the interim we should be working hard collectively to try to fix some [of the issues],” he said.
Sports
LeBron separates himself from agent’s Reaves take
LOS ANGELES — LeBron James cleared the air following the Lakers‘ 141-116 win over the Atlanta Hawks on Tuesday, separating himself from the opinion of his agent, Rich Paul of Klutch Sports, who said that L.A. should trade fan favorite Austin Reaves.
“I think you all know by now, Rich is his own man and what Rich says is not a direct reflection of me and how I feel,” James told ESPN on his way out of Crypto.com Arena. “And I hope people know that. I hope people know that and if they’re not sensible to know that, then I don’t know what to tell them.”
Paul, on a recent episode of his podcast “Game Over with Max Kellerman and Rich Paul,” said the Lakers should swap Reaves to the Memphis Grizzlies for two-time All-Star big man Jaren Jackson Jr.
“If you’re building around Luka [Doncic] going forward, which they are, you need that anchor,” Paul said. “And Jaren doesn’t want to be a part of a rebuild.”
Paul presented a scenario in which the Lakers would offer expiring contracts and either their 2031 or 2032 first-round pick to target Jackson and 6-foot-9 Memphis forward GG Jackson as a developmental project. And then he added L.A. would trade Reaves as the centerpiece of the offer, before they would have to decide on offering him a five-year, $241 million max contract extension this summer.
“This comes with a very unemotional attachment because Austin is beloved, which he should be, he’s an underdog,” Paul said. “There’s a world where you can do what’s best for your team, and do what’s best for Austin. Because Austin deserves to get paid. Now, I love him as a Laker, but if that was a situation where we’re getting balance — because if you put all the money into just the backcourt and then your flexibility is restricted going forward to fill out the rest of the team, then [building a full roster is challenging].”
Paul said Jaren Jackson Jr. would provide a 26-year-old center for the 26-year-old Doncic to pair with and also set up Reaves for success with his own team.
“Memphis would definitely pay Austin,” Paul said. “He would become … probably their point guard and leading scorer, for sure. … But definitely their highest-paid player.”
James told ESPN he did not consult with his longtime friend Paul about the decision to enter the media space and host the podcast before it launched last month.
“AR knows how I feel about him. All you got to do is look at us on the bench. Me and AR talk every single day. So, AR knows how I feel about him and I hope AR — or his camp — don’t look at me and think this is words from me are coming through Rich.”
LeBron James
“Rich, that’s what he’s doing,” James told ESPN. “That’s his whole thing. That’s what he’s doing. That’s what he’s talking about, but I have zero conversations about what his topics are going to be or what they are going to talk about. He is his own man and that is his platform.”
One of Reaves’ agents, Reggie Berry of AMR Agency, approached Paul on the sideline near half court at halftime of the Lakers-Hawks game Tuesday. The two spoke for more than five minutes and the topic of conversation was Paul’s public trade scenario regarding Reaves, sources told ESPN.
James said there was no fallout between him and Reaves, who is his longest-tenured teammate on the Lakers, after the podcast episode.
“AR knows how I feel about him,” James told ESPN. “All you got to do is look at us on the bench. Me and AR talk every single day. So, AR knows how I feel about him and I hope AR — or his camp — don’t look at me and think this is words from me are coming through Rich.
“Rich has his perspective of what he sees, I have my perspective. I’m a grown man, he’s a grown man and I think people should realize that grown men can say whatever the f— they want to say and it shouldn’t reflect somebody else is saying it.”
It’s not the first controversial take Paul has shared about the Lakers this season. In December, around the time L.A. lost to the San Antonio Spurs in the NBA Cup quarterfinals, Paul said on the podcast that the Lakers were “not championship contenders.”
James responded by saying, “I can’t think about what we can do in the playoffs in December. … Talking about what type of damage we can do in the postseason in December, that’s not right for the basketball gods.”
Though some interpreted that take by Paul as using the podcast as a call to urgency to put public pressure on the Lakers’ front office to make moves and ultimately serve his marquee client in James, he has shared other opinions on the podcast that seemingly remove his agent association with a player from his viewpoint. For instance, he said that the Milwaukee Bucks should insist on getting back Jalen Johnson in any trade discussions with Atlanta about Giannis Antetokounmpo — but acknowledged Johnson, his client, wouldn’t want that.
Paul also shared that he would rather have Michael Jordan take the last shot in a game over James.
Before James spoke about Paul’s podcast, he played one of his finest games of the season. He scored 31 points on 12-for-20 shooting with 10 assists and 9 rebounds, and played on the second night of a back-to-back for the first time this season after sitting out the first month of the Lakers’ campaign because of sciatica affecting his lower back and down his right leg.
Lakers coach JJ Redick went out of his way to defend the 41-year-old James in his postgame remarks.
“I don’t take for granted the LeBron stuff,” Redick said. “It’s actually unfortunate how much this guy puts into it and how much he cares and the way certain people talk about him. It’s crazy. Come be around him every day and see how much this guy cares. It’s off the charts.”
Not long after, James defended Paul’s podcast venture.
“It’s his prerogative,” James told ESPN.
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