NBA partners with Kalshi, Polymarket as prediction markets face scrutiny
Summary
The NBA announced partnerships with prediction-market companies Kalshi and Polymarket. The deals come as several states sue the companies over which authorities can regulate their markets.Key Facts
- The NBA announced the partnerships on Monday.
- The companies named in the announcement are Kalshi and Polymarket.
- Multiple states have sued the companies in an effort to establish their regulatory authority.
- The NBA said it entered into a memorandum of understanding with the Commodity Futures Trading Commission.
- The article does not provide further details about the NBA’s agreement with the CFTC.
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