NBA strikes deals with prediction markets Kalshi and Polymarket
Summary
The NBA announced on Monday 26 October that it is partnering with prediction markets Kalshi and Polymarket and expanding its DraftKings deal to include a prediction market offering, ESPN reported, The Philadelphia Inquirer and Bloomberg writing that the deals make the platforms the league's preferred prediction markets. The NBA added that the agreement will enforce limitations on permissible markets, such as suspicious trading and any bets by NBA league and team personnel, according to Forbes. The league also announced an information sharing agreement with the US Commodity Futures Trading Commission, Bloomberg reported.
Latest: The NBA announced partnerships with prediction markets Kalshi and Polymarket, ESPN, Forbes, Bloomberg and The Philadelphia Inquirer reported, Bloomberg and the Inquirer describing the platforms as the league's preferred prediction markets, and Bloomberg adding that the league announced an information sharing agreement with the US Commodity Futures Trading Commission.
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How it unfolded
Monday 26 October
The NBA announced partnerships with prediction markets Kalshi and Polymarket, ESPN, Forbes, Bloomberg and The Philadelphia Inquirer reported, Bloomberg and the Inquirer describing the platforms as the league's preferred prediction markets, and Bloomberg adding that the league announced an information sharing agreement with the US Commodity Futures Trading Commission.
- 13:12Bloomberg NBA Reaches Deal With Prediction Markets Kalshi and Polymarket
- 12:40Forbes NBA Partners With Prediction Markets, Kalshi And Polymarket
- 11:03ESPN NBA announces Kalshi, Polymarket partnerships
- 10:11The Philadelphia Inquirer NBA strikes deals with prediction markets, with eye on integrity and regulations