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Kalshi Faces NCAA Backlash Over Transfer Portal Betting Plans

12/18/2025

Summary

Story summary

Kalshi, a prediction market operator, filed for self-certification to offer contracts on when athletes will enter the National Collegiate Athletic Association (NCAA) transfer portal, drawing backlash from the NCAA, which has opposed betting to protect welfare and integrity.
The Commodity Futures Trading Commission (CFTC) received the filing and critics warn it could enable manipulation.
Kalshi said it has no immediate plans to launch markets.
The transfer portal opens in January.

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Story summary

Kalshi, a prediction market operator, filed for self-certification to offer contracts on when athletes will enter the National Collegiate Athletic Association (NCAA) transfer portal, drawing backlash from the NCAA, which has opposed betting to protect welfare and integrity.
The Commodity Futures Trading Commission (CFTC) received the filing and critics warn it could enable manipulation.
Kalshi said it has no immediate plans to launch markets.
The transfer portal opens in January.