NFL warns prediction markets like Kalshi about 'integrity' of NFL Draft
The NFL has asked prediction market companies like Kalshi and Polymarket to refrain from offering contracts on live, hyper-specific NFL Draft picks, citing concerns about integrity and insider trading. The NFL sent a letter to these companies on March 29 and followed up on April 22, reminding them to limit certain markets.
The NFL has asked prediction market companies like Kalshi and Polymarket to stop offering contracts on specific NFL Draft picks. The league cited concerns about integrity and insider trading. Kalshi and Polymarket offer various draft-related markets, including head-to-head matchups and the number of players taken at certain positions. The NFL's chief compliance officer, Sabrina Perel, wrote to these companies on March 29, asking them to refrain from offering certain contracts. The NFL followed up on April 22, reminding them to limit live pick-by-pick contracts. The companies are regulated by the Commodity Futures Trading Commission and claim to use surveillance systems to detect potential insider trading.
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