NBA partners with Kalshi, Polymarket as prediction markets face scrutiny

The NBA announced Monday it is partnering with prediction markets Kalshi and Polymarket, as multiple states have sued those companies in an attempt to establish their regulatory authority over them. The league said in a release it entered into a memorandum of understanding (MOU) with the Commodity Futures Trading Commission (CFTC) to designate Kalshi and...

The NBA announced Monday it is partnering with prediction markets Kalshi and Polymarket, as multiple states have sued those companies in an attempt to establish their regulatory authority over them. The league said in a release it entered into a memorandum of understanding (MOU) with the Commodity Futures Trading Commission (CFTC) to designate Kalshi and...