NBA joins pro sports leagues on CFTC prediction markets bandwagon while NFL balks
The U.S. derivatives regulator, which has championed the arrival of prediction market firms such as Kalshi, has been gathering allied sports leagues.
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Summary
- The National Basketball Association is the latest professional sports league in the U.S. to secure an information-sharing agreement with the Commodity Futures Trading Commission on its involvement in the prediction markets.
- At the same time, like other leagues, it announced a partnership with Kalshi and Polymarket as its preferred exchanges.
- Though baseball and hockey leagues had previous secured similar arrangements, the National Football League has openly rebuffed them and sided with the states that are arguing their gambling laws should govern such betting.
