NBA and CFTC Sign Memorandum of Understanding on Prediction Markets and Designate Kalshi and Polymarket as “Preferred” Platforms

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NBA has designated Kalshi and Polymarket as “preferred” platforms for its event prediction markets and signed a memorandum of understanding with CFTC to cooperate in overseeing trading related to basketball events. The parties will share information and communicate regularly to maintain the integrity of event markets; platforms must restrict the types of event contracts, report suspicious activity, and cooperate with investigations, while NBA and team staff are prohibited from trading related contracts.