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NBA Joins CFTC Prediction Markets Bandwagon
The National Basketball Association has secured a partnership with the U.S. derivatives regulator, the Commodity Futures Trading Commission (CFTC), and leading firms Kalshi and Polymarket, linking professional basketball into the online sports betting movement. The NBA's arrangement comes as the prediction markets face a nationwide legal battle with state governments, which argue that such betting should be regulated under gambling laws. The NFL has rejected such an arrangement.