NBA picks Kalshi and Polymarket as preferred prediction market exchanges
The NBA has named Kalshi and Polymarket as its preferred exchanges and signed a deal with the CFTC. The league is moving into prediction markets with official data agreements and rules designed to prevent insider trading. For traders, this shows prediction markets are gaining backing from a major sports league under US regulatory oversight.
Why it matters
- Kalshi and Polymarket are now the NBA's preferred exchanges for prediction markets.
- Official data agreements link the league's information to these exchanges.
- Safeguards against insider trading are part of the arrangement, which may shape how these markets operate.
What to watch next
Watch for further CFTC decisions on prediction markets and whether other sports leagues follow the NBA's lead.
