Kalshi Signs Multi-Year Deal as NHL’s Official Prediction Market Partner
Prediction markets reached a record $2 billion in weekly volume, with sports activity leading growth as the NHL partners with Kalshi and Polymarket.
MOVE
Summary
The NHL’s collaboration with Polymarket and Kalshi coincides with prediction markets hitting $2 billion in weekly volume, driven largely by sports-related activity. This marks the first major U.S. sports league partnership with prediction markets outside traditional sportsbooks. Kalshi, regulated by the CFTC, operates nationally, while blockchain-based Polymarket is relaunching domestically with backing from Intercontinental Exchange. The move positions both platforms in direct competition with established sportsbooks like DraftKings and FanDuel.
Terms & Concepts
- Prediction Market: A marketplace where participants trade contracts on future event outcomes, with prices representing the collective probability assessments.
- Commodity Futures Trading Commission (CFTC): A U.S. federal agency regulating derivatives markets, including futures and options, and granting Kalshi clearance to operate nationally.
- Blockchain: A decentralized digital ledger technology underpinning platforms like Polymarket, enabling transparent and tamper-resistant transactions.