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    NBA signs MOU with CFTC and partners with prediction markets

    NBA signs MOU with CFTC and partners with prediction markets

    The NBA has signed a memorandum of understanding with the Commodity Futures Trading Commission (CFTC) and established partnerships with prediction market platforms. The initiative marks the league's formal entry into the prediction market landscape at the start of the 2026-27 season.

    Summary based on reporting by iGaming Business, which retains all rights to its text and images.

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    Prediction markets hit $1.4 billion in midterms trading as forecasting credibility faces test

    Prediction markets hit $1.4 billion in midterms trading as forecasting credibility faces test

    Trading volume on prediction markets tied to the 2026 US midterm elections has surpassed $1.4 billion, according to an analysis by CNN. The milestone reflects expanding adoption of political betting contracts amid persistent skepticism surrounding traditional opinion polling. The performance of these platforms in predicting race outcomes will serve as a critical test of their long-term credibility as forecasting tools.