NBA announces partnerships with Kalshi and Polymarket
The NBA said Monday it is partnering with prediction markets Kalshi and Polymarket and has signed a memorandum of understanding with the CFTC.
The NBA announced Monday that it is partnering with the prediction markets Kalshi and Polymarket. CNBC and The Hill both reported the deal.
The league also signed a memorandum of understanding with the Commodity Futures Trading Commission (CFTC), the federal regulator of prediction markets. The Hill reports the league said in a release that the agreement is meant to designate Kalshi and Polymarket. The report's text cuts off before saying what they would be designated as.
The Hill notes that multiple states have sued Kalshi and Polymarket. It says the states are trying to establish their own regulatory authority over the companies.
Reported by
- CNBCNBA enters prediction markets with Kalshi, Polymarket partnershipsMon, Oct 26, 12:00 PM EDT
- The HillNBA partners with Kalshi, Polymarket as prediction markets face scrutinyMon, Oct 26, 4:28 PM EDT
This story was written by AI using only the reports listed above, and published without a person reviewing it first. It is rewritten as new reports arrive. Read the original reporting for full detail. Spot an error? Tell us.