Athlete Monitoring

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Business

CFTC Scraps Proposed Ban on Political and Sports Prediction Markets, Pledges New Regulatory Framework

In a major policy reversal, the U.S. Commodity Futures Trading Commission has formally withdrawn a contentious 2024 proposal that sought to outlaw event contracts tied to politics, sports, and conflict. Chairman Michael S. Selig dismissed the plan as a politically motivated overreach, signaling the agency's intent to regulate—not stifle—the fast-growing prediction market sector.

Business

Nike Under EEOC Scrutiny: Diversity Initiatives Face Legal Test as Investor Concerns Mount

The U.S. Equal Employment Opportunity Commission has launched a formal investigation into Nike Inc., probing whether the sportswear giant's diversity, equity, and inclusion programs have inadvertently led to discriminatory practices against White employees and applicants. The regulatory move places Nike's workplace policies under a legal microscope, potentially triggering significant reputational and financial repercussions for the Swoosh brand.