NBA names Kalshi and Polymarket preferred exchanges amid state fights

The NBA has named Kalshi and Polymarket its two preferred prediction-market exchanges, giving both platforms access to official league data and U.S. marketing rights as Kalshi faces a Utah lawsuit seeking up to $61.2 million in allegedly unlawful fees. Summary Kalshi and Polymarket have both become the NBA’s preferred prediction-market exchanges. Both platforms will receive official Sportradar data and rights to promote their NBA partnerships. The agreements prohibit NBA personnel from trading league contracts and require suspicious-trading information sharing. The NBA has signed a separate CFTC cooperation agreement and expanded its DraftKings partnership. The NBA announced the agreements on Oct. 26 alongside a memorandum of understanding with the Commodity Futures Trading Commission, setting out cooperation on basketball-related markets and restrictions on the contracts its commercial partners can offer. DraftKings has expanded its existing NBA agreement to cover prediction markets and nationwide promotion, the league said. Other current sports betting partners and companies in the industry are expected to enter expanded relationships in the coming weeks, according to the announc...