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The National Hockey League is getting into something new: prediction markets.

What’s happening:

  • The National Hockey League has formed a new multi year licensing agreement with American prediction market companies Kalshi and Polymarket

Why it matters:‍

  • The new deal with Kalshi and Polymarket establishes the National Hockey League as the first major sports league in the Untied States to form an official partnership with prediction market companies

Going deeper:‍

  • The National Hockey League will give Polymarket and Kalshi access to proprietary league data as well the right to use trademarks and team names for event contracts as part of their new licensing deal
  • Polymarket also just recently made major waves when they landed a $2B USD strategic investment from Intercontinental Exchange (NYSE: ICE) as part of a large scale partnership to develop new financial products and distribute Polymarket’s data globally

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