TechFlow news, December 19 — According to The Block, prediction market platform Kalshi has announced the suspension of its planned feature allowing users to bet on whether top university athletes would enter the transfer portal. The decision follows strong opposition from NCAA President Charlie Baker, who stated on social media: "The NCAA firmly opposes prediction markets in college sports. Student-athletes have already faced harassment and abuse due to betting outcomes, and now Kalshi wants to offer bets on their transfer decisions—this is completely unacceptable."
Although Kalshi has submitted relevant applications to the Commodity Futures Trading Commission (CFTC), a company spokesperson said: "We have no immediate plans to launch these contracts. We certify many markets, but not all are launched." Kalshi also refuted claims of being "unregulated," emphasizing that as a federally regulated exchange, it operates under the Commodity Exchange Act and its hundreds of regulations.
