Disclosed herein are systems and methods for regulating network bandwidth by means of monitoring network traffic, predicting network loads, and scheduling traffic utilizing traffic reporting and bandwidth reservation mechanisms. These systems and methods may reduce network congestion and support more efficient processing by network applications. Traffic reporting may comprise broadcasting control messages to network nodes indicating appropriate times to send and receive messages. Network nodes may use traffic reports (e.g., control messages) to proactively regulate their use of the network. Bandwidth reservation may allow network nodes to do productive processing while waiting to send and receive data, and may decrease mean wait times. Reservations may be implemented in a synchronous or asynchronous manner. In an exemplary embodiment, the reservation mechanism may emulate a traditional stream socket API. Embodiments enabling enhanced TV applications to run more effectively over cable TV out-of-band networks are described.