The NCAA has formally requested the Commodity Futures Trading Commission (CFTC) to suspend prediction markets involving college sports, asserting that these markets resemble gambling and pose a threat to the integrity of college athletics. This call has echoed among gaming associations, such as the American Gaming Association (AGA) and the Indian Gaming Association (IGA), which are also urging Congress to take action against unregulated sports event contracts and insider trading in prediction markets. The rise of prediction markets has drawn significant legal and regulatory scrutiny, prompting various stakeholders, including Native American tribes and former politicians like Chris Christie, to advocate for a crackdown on these burgeoning platforms. The situation is evolving as lawmakers prepare legislation that could either regulate or ban prediction markets entirely.