TLDR Philadelphia Eagles running back Saquon Barkley sold his Polymarket stake after guidance from the NFL. The NBA signed a deal with the CFTC naming Kalshi and Polymarket as preferred prediction market partners. Utah filed criminal charges against Kalshi CEO Tarek Mansour and COO Luana Lopes Lara. Kalshi raised $1 billion at a $40 billion valuation, up from $22 billion in May. Hackers drained about $2.73 million from Polymarket accounts, and at least 689 accounts have been refunded.
Philadelphia Eagles running back Saquon Barkley has sold his stake in Polymarket. He said the NFL told him to unload the investment before the regular season started.
Barkley, a three-time Pro Bowler, shared the news with Front Office Sports. The size of his investment was never made public. “I was in it before, but no bueno,” Barkley said.
The NFL opposes proposed rules from the US Commodity Futures Trading Commission (CFTC) on sports event contracts. The league does not appear close to a deal with any prediction market.
Leagues Take Different Paths on Prediction Markets
The NBA has taken a different approach. This week, the league signed a Memorandum of Understanding with the CFTC that sets up a framework for event contracts on NBA games.
Under the deal, the NBA named Kalshi and Polymarket as its preferred prediction market partners. The league also gained veto power to block contracts it finds objectionable.
Barkley’s exit contrasts with LeBron James, another Philadelphia athlete. Last month, James signed with Polymarket after his multi-year contract with DraftKings expired.
James, the NBA’s all-time leading scorer, signed weeks before his first regular-season game with the Philadelphia 76ers. He joins Eli Manning, Derek Jeter and Spike Lee among celebrities who have endorsed Polymarket.
Utah Files Criminal Charges Against Kalshi Leaders
On October 29, Utah Attorney General