NBA Signs CFTC Deal, Names Kalshi and Polymarket as Preferred Prediction Markets
The NBA has reached an agreement with the CFTC and named Kalshi and Polymarket as preferred exchanges, as the league moves into regulated prediction markets with safeguards against insider trading.
AfroEuropa Newsroom
AfroEuropa desk
The National Basketball Association has entered into an agreement with the US Commodity Futures Trading Commission (CFTC) as the league expands into prediction markets, according to Decrypt and Cointelegraph.
As part of the move, the NBA named Kalshi and Polymarket as preferred exchanges, Cointelegraph reported. The league is pairing the expansion with official data agreements and measures intended to protect against insider trading.
The arrangement sets up information-sharing designed to guard against insider trading as sports betting shifts toward CFTC-regulated venues, according to Decrypt. The deal follows comparable agreements the CFTC previously reached with Major League Baseball and the National Hockey League.
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Other highlights
NBA Names Kalshi and Polymarket as Preferred Prediction Market Exchanges
The NBA has partnered with Kalshi and Polymarket and signed a cooperation agreement with the CFTC as scrutiny over prediction-market integrity grows.
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