NCAA 'concerned' by football prediction markets
The NCAA has expressed concern over the lack of safeguards in online prediction markets, particularly after financial company Robinhood announced that it will allow trades on the outcome of college football games this season. The NCAA is worried about the potential for integrity issues and the impact on student-athlete well-being. There are concerns that these markets could enable and encourage gambling, which the NCAA has long opposed. The organization is currently reviewing its policies and regulations to address this new development. It aims to protect the fairness and integrity of college sports, as well as the welfare of student-athletes. The NCAA's statement highlights the complex challenges posed by the rise of online prediction markets and the need for robust regulations to ensure the continued integrity of collegiate athletics.
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