NBA Enters Prediction Markets as NFL Pushes Back | CoinDesk Daily

The NBA has signed a data-sharing agreement with the Commodity Futures Trading Commission and named Calci and Polymarket its preferred prediction-market exchanges. Under the agreement’s guardrails, NBA league and team personnel are barred from trading NBA event contracts. The move puts the league’s formal engagement with prediction markets in contrast with the NFL’s pushback, as states seek to bring the markets under gambling laws.

The agreement establishes a relationship between the NBA, the CFTC and the two selected exchanges, while restricting trading by people working for the league and its teams. The synopsis does not specify the scope of the data being shared or the details of the NFL’s objections, but it describes a broader dispute over whether prediction markets should be treated as a distinct market or regulated through gambling laws.

The Office of the Comptroller of the Currency approved a federal charter for Ripple National Trust Bank. The bank will manage reserves backing Ripple’s RLUSD stablecoin and provide regulated custody services to institutions. RLUSD launched last December and has a market value of around $2.5 billion.

Keystone will destroy 18,835 unsold devices and suspend shipments after a website breach exposed nearly 26,000 buyer records. The exposure resulted from a flaw in a third-party monitoring tool. Keystone said recovery phrases and private keys were not exposed; devices delivered before October 20 are safe if they pass authentication.