NBA partners with Kalshi and Polymarket as 'preferred' prediction markets

But in the United States, prediction markets just added something very important and that is an official NBA partnership, or is it?

NBA partners with Kalshi and Polymarket amid regulation fight. So, they're the preferred prediction market exchanges, Kalshi and Polymarket and also DraftKings got their license updated so they can do prediction markets on the NBA. So basically this is like if you go into your favorite NBA uh arena, let's say you're going to Madison Square Garden, and they're like, we have a preferred partner, but then it's like McDonald's, Wendy's and Burger King.

are all lined up in a row and you can get burgers at any of the three. Right? The NBA is not picking favorites here. They are basically finding new and novel ways to make sure that they get their piece of prediction markets moving forward. But I guess the bigger story is the one in that headline, which is that they're doing this even though there's no regulatory clarity right now on what prediction markets are, what prediction markets can and cannot do. Seemingly unafraid to move forward here.

uh with their prediction market plans. So yes, Kalshi and Polymarket are obviously very direct competitors and both becoming preferred partners is very, very, very interesting. But they will both receive uh NBA intellectual property and marketing rights, which will likely be huge for the both of those platforms.