NHL's Partnership with Prediction Market Platforms
The NHL has agreed to partnerships with two prediction market platform (PMP) startups, Kalshi and Polymarket, marking a significant development in the sports betting industry.
With the Supreme Court's 2018 decision to clear the path for sports betting, the industry has grown rapidly, with many predicting its immense potential for growth. However, there are also concerns about the potential risks, including game fixing, betting among players and staff, and the influence of organized crime.
The horse is so far out of the barn that it’s hard to remember there once was a barn.
The NBA's experience with sports gambling scandals serves as a lesson for the NHL as it begins its partnerships with PMP startups.
Author's Summary
NHL partners with Kalshi and Polymarket amidst sports betting growth.
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