Players from the NBA, NFL, and MLB call for a ban on betting ‘unders’
Professional sports unions are calling for a ban on betting on player underperformance or injury, citing the need for regulations to protect athletes from abusive behavior. This matters as it could impact the sports betting industry and player safety. The unions are responding to the CFTC's request for comment on regulating prediction markets. The ban would affect platforms like Kalshi and Polymarket. The unions are asking the CFTC to take action.