US CFTC, NBA vow to protect basketball integrity in prediction markets
The league said the deals add market limits, suspicious-trading monitoring and bans on team personnel trading NBA event contracts.
- On Monday, the National Basketball Association announced partnerships with prediction markets Kalshi and Polymarket, alongside a cooperative agreement with the Commodity Futures Trading Commission .
- NBA executive vice president Scott Kaufman-Ross said the league delayed commercial partnerships until establishing the right regulatory framework. "We were really just waiting for that moment where we felt like we had all of the proper pieces in place," Kaufman-Ross said.
- These multi-year agreements designate both firms as the "Preferred Prediction Market Exchange of the NBA" and impose restrictions on wagers including the outcome of the opening tip and "under" bets involving limited-minutes players.
- More than a dozen states are involved in litigation over prediction markets, with the Supreme Court expected to decide in the coming months whether to take up cases questioning the legality of such trading.
- The NBA also expanded its agreement with DraftKings to include prediction market offerings, joining the National Hockey League and Major League Baseball in establishing such partnerships.
60 Articles
60 Articles
NBA names Kalshi and Polymarket preferred exchanges amid state fights
The NBA has named Kalshi and Polymarket its two preferred prediction-market exchanges, giving both platforms access to official league data and U.S. marketing rights as Kalshi faces a Utah lawsuit seeking up to $61.2 million in allegedly unlawful fees. The…
The NBA’s response to gambling scandals is to add more gambling partnerships
From the bright minds that brought you FTX Arena and NBA Top Shot NFT maketplace (where sales last month dropped to $762,781, which is a 99.66 percent decrease compared to the February 2021 peak of $226,350,843), the NBA announced Monday that it has new "preferred" prediction market deals for Kalshi and Polymarket, as well as […]
NBA Names Kalshi, Polymarket Preferred Exchanges
The NBA named Kalshi and Polymarket its preferred prediction-market exchanges, granting them access to official league data and branding while setting rules on permitted markets, suspicious-trading disclosures, and bans on league and team personnel trading NBA event contracts. The league also reached an agreement with the federal Commodity Futures Trading Commission on oversight and integrity protections, as legal disputes continue over whether sports prediction markets fall under federal or state regulation. · 21 sources across the spectrum on IJR News.
NBA Makes Controversial Move After 4 Gambling Scandals in 3 Years
The NBA has spent the last two years trying to contain gambling scandals. Now it is partnering with the companies that let fans trade on its games. On Monday, the league named Kalshi and Polymarket its preferred prediction-market partners, giving both companies commercial rights and access to official NBA data. The move comes as four […]
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