NBA designates Kalshi and Polymarket as preferred prediction markets

Summarised from 2 outlets · Updated 26 Oct, 14:31 · Archive

The NBA has designated Kalshi and Polymarket as its preferred prediction markets with integrity protections in place.

The NBA announced on Monday deals with Kalshi and Polymarket to become the league's preferred prediction markets, paired with an agreement involving a federal agency that regulates such exchanges. The arrangements are designed to provide what the NBA calls 'significant integrity protections for NBA-related markets'.

The protections include limitations on what can be offered on the exchanges, transparency regarding suspicious user trading patterns, and prohibitions on league and team personnel making trades related to league events. The prediction markets will share information about investigations and suspicious trading with the NBA, mirroring safeguards the league has maintained with its sportsbook partners. The NBA has previously cited examples where this system flagged irregularities in betting patterns.

Scott Kaufman-Ross, the NBA's head of media distribution and partnerships, stated that regulated markets allow better protection of game integrity. The NBA is simultaneously expanding agreements with current official sports betting partners such as DraftKings to include their prediction-market offerings. While not all states offer legalized sports betting, prediction markets are essentially available across all 50 states. More than a dozen states are currently involved in litigation over prediction markets, and earlier this month the NFL asked the Supreme Court to rule on their regulation.

How it is being reported

• NBA strikes deals with prediction markets, with eye on integrity and regulationsThe NBA has struck deals with Kalshi and Polymarket, making them the league’s preferred prediction markets.Clickorlando · 26 Oct, 14:11
• NBA strikes deals with prediction markets, with eye on integrity and regulationsThe NBA has struck deals with Kalshi and Polymarket, making them the league’s preferred prediction markets.News4Jax · 26 Oct, 14:11

In this story: NBA · Kalshi · Polymarket · DraftKings · Scott Kaufman-Ross · NFL

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