CFTC and NBA sign MOU over prediction markets, NBA names Kalshi, Polymarket as "preferred" markets

Crypto Insight Summary: The NBA sees Kalshi and Polymarket as its “preferred” prediction markets and has signed a memorandum of understanding with the CFTC to ensure all trading tied to its games are regulated, the league and the regulator have jointly announced. Two deals on the same day The announcements pair a commercial arrangement with a regulatory one.... Crypto Insight Analysis: Direction: Bullish POLYX / Neutral GT Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: NBA's endorsement boosts prediction market tokens like POLYX, but limited to niche market.