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NBA announces partnership with prediction markets Kalshi, Polymarket

https://www.nytimes.com/athletic/7723134/2026/10/26/nba-kalshi-polymarket-agreement-prediction-markets/
41•cdrnsf•1h ago

Comments

johsole•51m ago
Sports betting enters a new era where leagues will have partnerships directly. How long before championships are scripted?
freedomben•45m ago
That's the beauty of gambling from a macro perspective though: you don't need scripted outcomes. The house wins either way. In fact scripted outcomes would be bad because not only is there heavy reputational stakes that could go south in a hurry, but that enables people to beat the house odds. If anything this seems like an incentive to keep things on the straight and narrow.

Necessary disclaimer since people will try to assume my position through my analysis: I don't like sports gambling, have never done it, and I hate that the ads have taken over.

lotsofpulp•28m ago
In regular gambling, the house is in control. In sports gambling, the players and refs can have their own agenda.
monster_truck•21m ago
Bold of you to assume they haven't been the whole time.
criddell•13m ago
One datapoint: Kalshi and Polymarket won't let you bet on WWE events.
badlibrarian•36m ago
If you can't cheat 'em, join 'em.
robertheadley•33m ago
They really need to ban sports betting nationally. It is really bad for society.
kingds•16m ago
ah but see these are prediction markets, not gambling sites /s
salah7252•15m ago
It's critical for them to keep us hooked onto something, families destroyed be damned.
cj•10m ago
I don't agree with banning it.

But I do agree with increasing the friction involved in signing up and depositing money.

It should not be possible to 1) sign up for kalshi, 2) complete identity verification, AND 3) deposit and place a $2000 real money bet --- within 5 minutes of downloading the app.

It's just way too damn easy. Let's at least make people wait 24 hours before placing their first bet... or something.

And stop allowing deposits with credit cards. This is most important.

altmanaltman•6m ago
I feel that won't really stop the people who have serious problems with this shit, who actually ruin their lives
schiffern•9m ago
Don't worry, I was assured all the problems are because gambling is illegal, not gambling itself.
tonymet•14m ago
The league must have the lowest esteem for its “fans”. It used to be that even 2 degrees separation from gambling killed a player or manager’s career (e.g. Pete Rose). Now the entire league is in bed.

Why are you even watching sports? It’s full of gambling , weed and porn ads.

A degrading experience.

brendoelfrendo•14m ago
Doesn't this weaken the argument that these prediction markets serve a distinct purpose other than gambling? I thought the idea was that prediction markets can help surface information, drawing on the wisdom of the crowd (some of whom might be familiar with the topic) to extract actionable insights. This is just sports betting, pure and simple... you can argue it's a market or a security, but whatever financial instrument you wrap it in, it's still just sports betting.
jmathai•10m ago
I think the idea has always been wealth extraction.
brendoelfrendo•7m ago
I mean, I agree, but whenever it comes up there's always someone who refuses to call a spade a spade... I'm curious how the pro-prediction market set would argue this is ok (other than to shrug and say "it's just one more thing to predict, why would we try to decide what can and can't be predicted?").
olerakh•13m ago
Trump Jr. is invested in both Kalshi and Polymarket:

https://finance.yahoo.com/markets/options/articles/donald-tr...

This is basically Suharto level of corruption.

yuhao2dai•12m ago
eh it's called gambling but sure.
jhickok•6m ago
That's fine, the NBA product is at a low point in recent history anyway. Happy to skip NBA games until new leadership is installed.
kotaKat•3m ago
Adam Silver really is a ghoul. He couldn't wait a few more days until Halloween to dump this haunt on us?
jimt1234•6m ago
Nothing to be concerned about.

https://www.youtube.com/watch?v=7E5crppxBn8

osnium123•8m ago
Sports betting and other forms of online gambling are bad. A lot of families will lose income due to gambling addiction.

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