NBA announces partnership with prediction markets Kalshi, Polymarket

johsole

Sports betting enters a new era where leagues will have partnerships directly. How long before championships are scripted?

badlibrarian

If you can't cheat 'em, join 'em.

robertheadley

They really need to ban sports betting nationally. It is really bad for society.

tonymet

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

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.

olerakh

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

eh it's called gambling but sure.

jhickok

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.

jimt1234

Nothing to be concerned about. https://www.youtube.com/watch?v=7E5crppxBn8

cbm-vic-20

"Welcome to the 42nd anniversary of Michael Jordan's first NBA game, brought to you by Kalshi!"

boomboomsubban

I swear about twenty years ago there was a minor controversy as a commentator said something like "you'll need to drop him from your fantasy team after that," as it was seen as promoting gambling. It's crazy how dramatic the shift has been.

TaylorGood

Destroying financial security amongst those who become addicted but you’ll feel some dopamine spikes so it’s worth it. It’s sad and worse than any headline is saying right now.

whycome

Who could have predicted this?! But also, this shouldn't be allowed in any major sport wife they use any kind of public funds.

dkobia

There's a great podcast from CBC here about sports betting: https://www.cbc.ca/listen/cbc-podcasts/1353-the-naked-empero...

polarbearballs

It's disgusting. It's exploiting people's addictions and their economic situations.

jambalaya8

This should be illegal; these people should all be incarcerated.

alberth

What does "partnership" even mean in this context? Does it just mean that the NBA will accept sponsorship money from these sites and how does that even work, since typically sponsorships want exclusivity?

bearjaws

Life really does have a way of humbling you. I always viewed all the rules as being some remnants of Americas "Puritan/Christian" values. Now, just 5 years later I squarely believe nobody should be touching this stuff, it's basically worse than Blackjack or Craps in every way. Never thought I would see myself aligning with the more "Puritan/Christian" values.

quaddoggy

It used to be that horse punters were the only degenerates around. Now everyone is full-on degen. I typically find the phrase "late stage capitalism" stupid and overplayed. However, I think it applies. Only people who have given up hope get sucked into this stuff.

jimmydoe

I've never used these bet markets. It seems everyone under 30 I talked to is very familiar with them, I see many young devs build projects around them. I guess my q is this a generation gap? are we too old so we dislike it?