NBA softens stance on prediction markets as CFTC backs event contracts
The NBA has shown a more open approach to prediction markets, with Kalshi and Polymarket executives invited to its Tech Summit during All-Star Weekend. Commissioner Adam Silver said the league is applying its player-investment rule to prediction markets, while the CFTC has said it will support the platforms in state lawsuits; the NBA has not formed a formal partnership with them.
The NBA’s approach affects how leagues and prediction-market platforms address player investments and sports event contracts.