Overview
- Kalshi filed self-certifications with the CFTC for contracts on whether specific Division I athletes will enter or withdraw from the transfer portal or transfer to a named team.
- According to the filings, outcomes would be settled on public announcements, including player social media posts, school statements, major recruiting services, or sports media.
- After widespread criticism, Kalshi told reporters the markets are not slated to go live now, and no transfer-portal markets appeared on the site as of Wednesday night.
- Charlie Baker said the NCAA vehemently opposes such prediction markets, warning of added pressure on athletes and risks to competition integrity and recruiting.
- Kalshi’s documents cite trading bans for insiders and market surveillance, while the exchange operates under CFTC oversight that allows nationwide access unlike state-regulated sportsbooks; the move comes as leagues and media raise manipulation concerns.