Shwetha Surendran

The @CFTC is proud to partner with @MLB to protect the integrity of professional baseball games and prediction markets. We look forward to announcing similar partnerships with other professional sports leagues soon. We’ll work together with the leagues to prevent insider trading, fraud and manipulation in our markets. Watch more on @espn with @DavidPurdum ⬇️

The @CFTC takes seriously its responsibility to reject prediction market contracts that are readily susceptible to manipulation and we’re working with the professional sports leagues to ensure we get this right. When a league raises manipulation concerns about a contract proposed to be listed on a prediction market, the agency considers the league’s concerns and may prohibit the contract from being listed. Watch more on @espn with @DavidPurdum ⬇️

"The Prediction Markets Are Gambling Act" sponsored by Sens. John Curtis, R-Utah, and Adam Schiff, D-California would amend federal law so that "sports and casino-style event contracts" may not be offered on platforms regulated by the CFTC espn.com/espn/betting/s…

MLB enters prediction market space with Polymarket partnership, info-sharing agreement with CFTC espn.com/mlb/story/_/id…

Update - Mays will face trial after a California judge ruled Wednesday that there is “sufficient cause to believe that the defendant committed these offenses.” His next hearing date is set for April 7. espn.com/mens-college-b…

This week's events offer a glimpse into the battle for jurisdiction over prediction markets between state gaming regulators, industry participants and federal lawmakers -- a battle that legal analysts say will likely end up in the Supreme Court. espn.com/espn/betting/s…

California school hired a coach, but police say he moonlighted as a pimp . espn.com/college-sports…

An August 2025 anonymous email alleged that then-CSUB MBB temporary assistant coach Kevin Mays was also working as a pimp across four states. "FIX IT OR THE WHOLE STAFF WILL FALL," the tipster wrote… espn.com/college-sports…

The federal government announced $100.3 million in funding on Tuesday for World Cup host cities to better prepare their public transportation systems for the added demand. espn.com/soccer/story/_…

The sports betting industry hit a record revenue figure of $16.96 billion in 2025, the American Gaming Association stated Thursday. Revenue peaked despite growing competition from prediction markets. espn.com/espn/betting/s…

Local officials representing World Cup host cities warned Congress Tuesday that security concerns, coordination problems and inadequate federal funding are risking catastrophe with little more than 100 days remaining before the games begin. espn.com/soccer/story/_…

Link to the letter: schiff.senate.gov/wp-content/upl…

A group of U.S. senators sent a letter on Friday urging the CFTC to refrain from participating in prediction market lawsuits across the country that challenge the legality of “contracts tied to sports, war, or other prohibited events.” espn.com/espn/betting/s…

A Florida federal jury convicted former Ole Miss All-America tight end Joel Rufus French of defrauding Medicare and a VA program out of nearly $200 million through false billing over many years, the Justice Department announced this week. espn.com/college-footba…

"We agree that consumers should steer clear of unregulated prediction markets. ... We all want the same thing: safe, fair, and legitimate products," the coalition statement read.

A spokesperson for the Coalition for Prediction Markets, in a statement to ESPN, reiterated that prediction markets are regulated by the CFTC and have guardrails around insider trading, self-exclusion and responsible trading.

Event contracts offered on prediction markets that mimic sports bets could violate New York's gambling laws and put users in the state at "significant financial risk," New York Attorney General Letitia James warned Monday. espn.com/espn/betting/s…

New SafeSport survey - Most of America's youth-sport coaches are feeling burned out and fed up with verbal harassment and abuse, mainly from parents of athletes. "They created tension. They instilled distrust. They were worse than children." espn.com/olympics/story…

NCAA petitions federal regulators to suspend prediction markets on college sports: espn.com/college-sports…

The transgender athlete debate came to the nation's highest court today as they heard two cases about the participation of transgender athletes in women's sports. Catch up on the day, with live reporting from my colleague @katie_barnes3 and I - espn.com/espn/story/_/i…