NBA Names Kalshi, Polymarket in CFTC Pact — SkimNews
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- NBA named Kalshi and Polymarket as preferred prediction-market exchanges under a CFTC pact, becoming the third pro sports league to sign such an agreement.
- NFL has not entered commercial partnerships with prediction-market exchanges, setting it apart from the NBA’s new exchange arrangement.
- NFL backed a petition arguing that certain sports-event contracts threaten game integrity because they are susceptible to manipulation.
- U.S. Supreme Court has been asked to review the New Jersey dispute, but the justices have not yet agreed to hear the case.
- Washington, DC and 39 states support that petition, adding their backing to the Supreme Court request.
- Kalshi also struck a deal with S&P Dow Jones Indices to expand financial event contracts, alongside its role as an NBA-preferred exchange.
Why it matters: The NBA pact gives Kalshi and Polymarket a formal, league-sanctioned foothold in sports-event contracts and makes the NBA the third pro league to sign a CFTC pact. The NFL's contrasting course—backing a petition over manipulation risk without becoming a commercial partner—leaves the leagues divided over the same contracts.
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