The NBA announced new "preferred" prediction market deals with Polymarket and Kalshi to regulate how fans wager on games. A memorandum of understanding with the US Commodity Futures Trading Commission was also signed by the league to oversee these activities.
The league expanded its existing partnership with DraftKings to incorporate prediction markets into the agreement. Official league data and intellectual property will be accessible to these prediction markets under the new arrangements.
Scott Kaufman-Ross stated, "Protecting the integrity of the game is our top priority." Legal pressure mounts as New York Attorney General Letitia James is suing Kalshi and other entities involved in these markets.
Jontay Porter pleaded guilty to a conspiracy involving a gambling and manipulation scheme that occurred in 2024. Malik Beasley is reportedly in negotiations regarding a plea deal for similar charges.
Terry Rozier and coach Chauncey Billups face indictments for allegedly rigging prop bets and taking part in rigged poker games. Sales on the NBA Top Shot NFT marketplace fell to $762,781 last month.
This figure represents a 99.66 percent decrease from the February 2021 peak of $226,350,843.
