The NBA’s response to gambling scandals is to add more gambling partnerships
The NBA is expanding its gambling partnerships to include prediction markets despite ongoing internal scandals involving game manipulation and betting. Critics argue this move prioritizes revenue over the integrity of the sport.
Why it matters
It raises ethical questions about the intersection of professional sports, corporate gambling, and the potential for corruption.
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.
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