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Michael Selig, Chairman of the Commodity Futures Trading Commission (CFTC), stated at the FINRA annual meeting in Washington that the CFTC is in communication with major American professional sports leagues to strengthen regulation of the sports forecasting market and prevent insider trading and market manipulation risks. He revealed that the CFTC has signed a memorandum of understanding on information sharing with Major League Baseball, marking the first formal data collaboration mechanism established with a professional sports league. (CoinDesk)