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New York teams expand prediction-market partnerships amid state scrutiny

Deals & M&A

New York sports teams have entered prediction-market partnerships while state officials treat sports-event contracts as unlicensed wagering, according to the report. Polymarket partnered with the Yankees on 6 August, Novig became the Mets’ exclusive prediction partner on 30 July, and Kalshi has a multiyear partnership with Madison Square Garden announced in May. The report says officials have not stated whether these partnerships breach the advertising prohibition.

The unresolved status of team partnerships creates regulatory uncertainty for prediction-market firms and sports organisations in New York.

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