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NBA partners with Kalshi and Polymarket for prediction markets
The NBA has announced commercial partnerships with prediction market platforms Kalshi and Polymarket, designating them as the league’s preferred prediction market exchanges. Under these agreements, both platforms will gain access to official NBA intellectual property for promotional use and official league data provided by Sportradar to settle authorized contracts.
To protect the integrity of the game, the NBA has implemented a strict regulatory framework. This includes a ban on league and team personnel trading NBA-related event contracts and requirements for the platforms to share information regarding suspicious trading activities or ongoing investigations. The league also expanded its existing relationship with DraftKings to include prediction markets.
Simultaneously, the NBA signed a memorandum of understanding with the U.S. Commodity Futures Trading Commission (CFTC) to facilitate information sharing and oversight. This move aims to mitigate risks of insider trading and fraud. The NBA joins Major League Baseball (MLB) and the National Hockey League (NHL) as major sports organizations that have established similar frameworks with the CFTC, distinguishing its approach from the NFL, which has expressed concerns regarding state versus federal jurisdiction over such markets.
Entities
Adam Silver · CFTC · Commodity Futures Trading Commission · DraftKings · Kalshi · NBA · Polymarket · Sportradar · U.S. Commodity Futures Trading Commission
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 18 SOURCES] The NBA signed a memorandum of understanding with the CFTC. igaming.org · kryptouutiset.net · cryptocompass.com · grafa.com · zombit.info · +13 more
- [● 8 SOURCES] Kalshi and Polymarket will receive official NBA data from Sportradar. igaming.org · kryptouutiset.net · cryptocompass.com · grafa.com · zombit.info · +3 more
- [● 6 SOURCES] The NFL has not entered into similar prediction market partnerships. pcnmobile.com · grafa.com · www.nadanews.com · www.blocktempo.com · www.neweconomy.jp · +1 more
- [● 2 SOURCES] Kalshi is facing a lawsuit from the Utah Attorney General. crypto.news · zombit.info
- [● 5 SOURCES] The NBA joins MLB and NHL in signing prediction market agreements with the CFTC. igaming.org · grafa.com · www.nadanews.com · www.insider.gr · olorisupergal.com
- [● 20 SOURCES] The NBA named Kalshi and Polymarket as its preferred prediction market exchanges. noticiaalminuto.com · igaming.org · kryptouutiset.net · cryptocompass.com · grafa.com · +15 more
- [● 15 SOURCES] NBA and team personnel are prohibited from trading NBA event contracts. igaming.org · kryptouutiset.net · cryptocompass.com · grafa.com · zombit.info · +10 more
- [● 10 SOURCES] The NBA expanded its existing relationship with DraftKings to cover prediction markets. igaming.org · kryptouutiset.net · cryptocompass.com · grafa.com · zombit.info · +5 more