The NBA distributes a formal prediction market proposal to league partners

The NBA has reportedly circulated a formal proposal regarding the integration of prediction markets to various stakeholders. Industry executives expect the league to announce a decision before the start of the upcoming season to avoid distraction as the schedule begins. Kalshi CEO Tarek Mansour indicated that announcements from major sports leagues are imminent. The NBA and the NFL currently stand as the final primary holdouts among major U.S. professional sports organizations regarding such partnerships. While the NFL has confirmed it will not implement any prediction-market deals for the current season, the NBA is moving forward with its evaluation process. Market insiders anticipate further details regarding the league’s position to emerge before the end of September.

• 8:01 AMYahoo Sports — “The NBA has circulated a proposal to everybody,” says …