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Matthias Knab, Opalesque:

The Commodity Futures Trading Commission (CFTC) and the National Basketball Association (NBA) have signed a Memorandum of Understanding (MOU) to protect the integrity of professional basketball in prediction markets. The NBA is now the third major US sports league to formalize cooperation with the derivatives regulator, after Major League Baseball (MLB) in March and the National Hockey League (NHL) in May.

Under the agreement, announced on October 26, the CFTC and the NBA will communicate regularly, discuss integrity matters and exchange information, with the stated aim of keeping prediction markets fair and transparent. The MOU was signed by CFTC Chairman Michael S. Selig and NBA Commissioner Adam Silver. According to Reuters, the agreement also restates the CFTC's position that it has oversight of prediction markets.

"The NBA joins the MLB and NHL in taking a responsible step toward protecting sports integrity and market participants from abuses in prediction markets like insider trading and fraud," Selig said. He thanked Silver "for putting the integrity of professional basketball and America's financial markets first."

Kalshi and Polymarket named preferred exchanges

On the same day, the NBA named Kalshi and Polymarket as the league's Preferred Prediction Market Exchanges. The league said these agreements contain significant integrity protections for NBA-related markets: limits on which markets may be offered,......................

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