News & Events zu Churchill Downs Inc (CHDN)CHDNChurchill Downs Inc

CFTC and NBA Sign MOU to Protect Basketball Market Integrity

The Commodity Futures Trading Commission and the National Basketball Association announced their signing of a Memorandum of Understanding intended to "protect the integrity of professional basketball in prediction markets." Through the MOU, the CFTC and NBA will "better share information by regularly communicating and discussing matters relating to integrity, as well as maintaining fair and transparent prediction markets," the league and agency stated. "I'm pleased the CFTC and NBA signed an MOU which continues the Commission's commitment to increasing data sharing between the agency and professional sports leagues. The NBA joins the MLB and NHL in taking a responsible step toward protecting sports integrity and market participants from abuses in prediction markets like insider trading and fraud. I thank NBA Commissioner Adam Silver for putting the integrity of professional basketball and America's financial markets first and for working with the CFTC on this MOU," said CFTC Chairman Michael Selig. Publicly traded companies in the casino and gambling space include Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (FLUT), Gan Limited (GAN), Genius Sports (GENI), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn Entertainment (PENN), Rush Street Interactive (RSI), Sportradar (SRAD) and Wynn Resorts (WYNN).

Kalshi in Talks with Tiger Global and Dragoneer to Raise $1B

Kalshi is in advanced discussions with Tiger Global and Dragoneer to raise $1B in new financing, Reuters' Anirban Sen reports, citing people familiar with the matter. New and existing backers can join in on the new funding round, the author notes. The new funds are expected to be finalized in the coming weeks and will value the events trading platform at roughly $40B, the author says. Publicly traded companies in the space include Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (FLUT), Gan Limited (GAN), Genius Sports (GENI), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn Entertainment (PENN), Rush Street Interactive (RSI), Sportradar (SRAD) and Wynn Resorts (WYNN).