Gary Bettman defends NHL jumping into bed with predictions market
Bettman said the NHL can "take down any contracts that we think are inappropriate," though it hasn't done so yet.
Bettman said the NHL can "take down any contracts that we think are inappropriate," though it hasn't done so yet.
The policy bans any promotion of gambling, indicating that X treats Kalshi like sportsbooks even as it lobbies against such a designation.
"This continues to be a misrepresentation of any NCAA involvement, and we have requested immediate removal of NCAA trademarks."
"I’m building a sustainable media business, but not one where revenue depends on fans losing money or betting against insiders."
MLB had previously warned players against participating in such markets.
Giannis Antetokounmpo announced an investment in Kalshi, leading to near unanimous condemnation about potential conflicts of interest.
The Super Bowl alone could generate eight-figure markets.
Sports betting companies like FanDuel and DraftKings will still air ads.
DeChambeau's deal includes a TV commercial and social media posts as the prediction market continues its push toward mainstream legitimacy while battling more than a dozen lawsuits.
"The market currently gives me a 34% chance of being back on set next season. If you think that number’s low, take the other side."
Fake newsbreakers, antisemitic accounts... Kalshi keeps some strange company on X.
"The NCAA vehemently opposes college sports prediction markets."
"Real catastrophic stuff if it's allowed to proceed"
The NFL has submitted written testimony to Congress expressing serious concerns over the rise of prediction markets.
X reclassified Hughes's account as parody, and his Kalshi partnership icon disappeared on Monday.
"By operating unlicensed sports betting, Kalshi has violated gambling laws, engaged in illegal deceptive activity, and unjustly enriched itself at the expense of tens of thousands of consumers."