NBA names Kalshi, Polymarket preferred exchanges, signs CFTC deal
Summary
The NBA named Kalshi and Polymarket its preferred prediction-market exchanges and signed an information-sharing agreement with the CFTC to protect the integrity of basketball-related markets. The platforms will receive official NBA data through Sportradar, may use league intellectual property for promotions, and must bar NBA personnel from trading related contracts and cooperate on suspicious activity investigations. The NBA also expanded its DraftKings agreement to cover prediction markets. The deals come amid conflicting court rulings and state challenges over whether federal commodities law or state gambling laws govern sports event contracts; the Supreme Court has not decided whether to hear Kalshi’s appeal.
