The NBA is the third major US league to partner with both Kalshi and Polymarket

[DragonSlayer101]

The big picture: Following Major League Baseball and the National Hockey League, the NBA has become the third major US sports league to sign commercial partnerships with both Kalshi and Polymarket, designating them as its "Preferred Prediction Market Exchanges." The MLS also has an exclusive partnership with Polymarket through its commercial arm, Soccer United Marketing.

The NBA said the multi-year deals would help establish a data-sharing framework to root out insider betting and other forms of corruption that have rocked the league on multiple occasions. These incidents have resulted in suspensions and federal indictments involving several prominent players and coaches, including Chauncey Billups, Terry Rozier, Jontay Porter, and others.

The agreements require both prediction market operators to share data with the league and investigative agencies to help identify suspicious betting patterns. The NBA believes the deals will help it better comply with state and federal regulations while implementing "appropriate safeguards" to protect the integrity of the game without undermining the multi billion-dollar sports betting industry.

As part of the agreement, the NBA signed a Memorandum of Understanding with the US Commodity Futures Trading Commission to establish a "robust regulatory and integrity framework." The MoU was necessary because prediction markets are legally treated differently from traditional sports betting sites and are regulated by the federal government rather than state gambling authorities.

The deals will give Kalshi and Polymarket access to official NBA data feeds through Sportradar, the league's official data distribution partner. The companies will also be allowed to use official NBA logos, branding, and promotional materials across multiple media channels. Additionally, both will be able to advertise during live NBA broadcasts across traditional and digital media platforms.

As part of its efforts to keep basketball free from corruption, the NBA will be able to limit or prohibit high-risk markets and wagers that could be vulnerable to insider manipulation. For example, the league's existing ban on under-prop bets involving players expected to play fewer than 12 minutes per game will also apply to prediction markets.

The agreement also prohibits NBA employees, team executives, players, and coaching staff from betting on any NBA games or related events. If illegal betting activity is suspected, Kalshi and Polymarket must share relevant data and trading patterns with the NBA and investigative agencies.

In addition to its new partnerships with Kalshi and Polymarket, the NBA has expanded its agreement with DraftKings to include prediction markets. The league also has an agreement with FanDuel, a sportsbook and fantasy sports company, to restrict the types of bets that can be placed on NBA games.

The NBA plans to expand its existing relationships with other sports betting companies in the coming weeks.

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The NBA is the third major US league to partner with both Kalshi and Polymarket

 

[Theinsanegamer]

There is nothing "clean" about either platform. Both regularly screw over big winners

 

[Megalomaniac]

How much money you noobs gonna lose?

 

[maxxcool7421]

The founder of this nonsense should be deleted.

 

[NumberNine]

So I guess it wasn't ethics that made gambling illegal, it was the vocabulary. With new words and corporate backing, it's now suddenly legal nationwide it seems.

 

[Vanderkaum037]

Disgusting. There are no other words for this. No amount of pink ribbons will make up for pushing gambling onto the American people.

 

[p51d007]

"prediction markets" What a joke! Ever since gambling "escaped" from the normal places like Vegas, and the government figured out they could make $$$, it has gone everywhere!
I know it's amazing the number of vehicles I see outside a convenience store, that is held together with duct tape & coat hangers while the owner is inside buying lottery tickets. Then, comes outside, scratches the tickets, goes back in to get more tickets because they won a buck or two, then repeat and repeat until they LOSE their money.
I remember in the 80's, my state passed the lottery/scratch off thingy saying the money would go to public schools. "Technically" they did not lie. Ever dollar from lottery ticket sales went to the public schools. What they DIDN'T say is for every dollar of lottery money going to schools, a dollar was taken out and put back in the general revenue. In other words, politicians found another boat load of money they could spend on pet projects, to gain more votes.
Have I played the lottery? Yeah, maybe less than a dozen times. When it gets stupid high, everyone at work tosses in a buck. Other than that, NOPE!

 

[Theinsanegamer]

So I guess it wasn't ethics that made gambling illegal, it was the vocabulary. With new words and corporate backing, it's now suddenly legal nationwide it seems.

Its not vocabulary. The Supreme Court struck down a 1992 federal law, the Professional and Amateur Sports Protection Act. The law prevented states from authorizing legalized gambling, hence the lawsuit and supreme court decision.

This resulted in online gambling and sports betting becoming a state issue instead of a national one. Since 2018 more states have begun legalizing one or both activities, and now the industry has massively grown and lobbying is pushing for more states to open their doors.

https://apnews.com/article/supreme-court-sports-betting-arrests-8e7c3a0725f7ebd20ce9d739c1d3084a

"prediction markets" What a joke! Ever since gambling "escaped" from the normal places like Vegas, and the government figured out they could make $$$, it has gone everywhere!
I know it's amazing the number of vehicles I see outside a convenience store, that is held together with duct tape & coat hangers while the owner is inside buying lottery tickets. Then, comes outside, scratches the tickets, goes back in to get more tickets because they won a buck or two, then repeat and repeat until they LOSE their money.
I remember in the 80's, my state passed the lottery/scratch off thingy saying the money would go to public schools. "Technically" they did not lie. Ever dollar from lottery ticket sales went to the public schools. What they DIDN'T say is for every dollar of lottery money going to schools, a dollar was taken out and put back in the general revenue. In other words, politicians found another boat load of money they could spend on pet projects, to gain more votes.
Have I played the lottery? Yeah, maybe less than a dozen times. When it gets stupid high, everyone at work tosses in a buck. Other than that, NOPE!

It is truly shocking both how readily states accepted gambling and how many people fell into the trap. Gambling is a horrible addiction and the revenue never offsets the damage it causes.

Especially now, putting it on phones is destroying lives. People are betting entire paychecks on the most insane ****, and nobody is holding the companies accountable when they refuse to pay out or ban people for winning too much.

Unfortunately, like digital pricing and Orwellian cameras, this is something state legislatures will need to ban or heavily regulate and its going to take a LOT of damage before they do so.