The American Collegiate Athletic Association (ACCA) has urged the CFTC to suspend prediction markets related to college sports.

PANews reported on January 15th that, according to CoinDesk, the NCAA has sent a letter to the Commodity Futures Trading Commission (CFTC) requesting a suspension of prediction market trading related to college sports. The NCAA argues that these prediction markets function essentially the same as sports betting, but circumvent the age restrictions, advertising constraints, and integrity monitoring required of licensed sports betting organizations. Currently, the trading volume of college sports-related contracts on Polymarket has reached approximately $320 million.

The association is concerned that these marketplaces, which allow users aged 18 and over to participate, may attract college students and even athletes themselves; and that prediction contracts targeting individual athletes may induce coercion and harassment, posing a "catastrophic" risk to student athletes and the entire college sports ecosystem.