Kalshi and Polymarket will now be able to describe themselves as the 'Preferred Prediction Market Exchange of the NBA.'
The NBA announced Monday it is partnering with prediction markets Kalshi and Polymarket, as multiple states have sued those companies in an attempt to establish their regulatory authority over...
The NBA sees Kalshi and Polymarket as its “preferred” prediction markets and has signed a memorandum of understanding with the CFTC to ensure all trading tied to its games are regulated, the...
The league also inked a memorandum of understanding with the CFTC, the federal regulator of prediction markets.
The agreement, which follows similar deals with MLB and NHL, establishes information-sharing to guard against insider trading as sports betting migrates to CFTC-regulated venues.
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