NBA Embraces the CFTC on Prediction Markets as the NFL Fights It in Court
Summary
The NBA and the CFTC signed an agreement to share information and coordinate on protecting basketball’s integrity in federally regulated prediction markets. The partnership aims to help identify insider trading, fraud and other suspicious activity as sports event contracts expand on platforms such as Kalshi and Polymarket. It follows similar agreements involving MLB and the NHL, and comes after alleged gambling schemes involving NBA personnel drew scrutiny. The agreement also arrives amid disputes over whether prediction markets are regulated federally or by states, including litigation involving the NFL and Kalshi.
