The NBA’s response to gambling scandals is to add more gambling partnerships
Richard Lawler is a senior editor following news across tech, culture, policy, and entertainment. He joined The Verge in 2021 after several years covering news at Engadget.
From the bright minds that brought you FTX Arena and NBA Top Shot NFT maketplace (where sales last month dropped to $762,781, which is a 99.66 percent decrease compared to the February 2021 peak of $226,350,843), the NBA announced Monday that it has new “preferred” prediction market deals for Kalshi and Polymarket, as well as a memorandum of understanding with the US CFTC about how to manage the relationships. It also announced an expansion of its DraftKings deal to include prediction markets, and says that more expansions will be announced with others soon.
The NBA is already facing scandals after Jontay Porter pleaded guilty to conspiracy over a gambling and manipulation scheme in 2024, Malik Beasley is reportedly in negotiationsover a plea...
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