NCAA slams Kalshi's intent to offer portal trading

NCAA slams Kalshi's intent to offer portal trading

Prediction market Kalshi filed notice to the Commodity Futures Trading Commission on Wednesday that it intends to offer trading on the transfer portal, prompting the NCAA to say it "vehemently opposes college sports prediction markets."

Kalshi backing down from transfer portal betting after severe backlash

The college football world was up in arms on Wednesday over a report that prediction market Kalshi would be opening up props where users could trade contracts and bet on college athletles entering the NCAA transfer portal. According to ingame.com, the prediction market submitted a filing with the US Commodity Futures Trading Commission that stated contracts would be posted based on “Will the transfer portal in ?” The filing said the trades would…