Do you think sports organizations should gain access to prediction market data?

[aioc]

To protect the integrity of the games, Commissioner Adam Silver is looking to gain access to prediction market data to avoid insider trading. He is questioning contract-based events, such as whether a coach will be fired, as something odd behavior and damaging to the sport.

Do you think sports organizations should gain access to prediction market data to protect the integrity of the sports, and o you think the prediction market is harming the sports organizations with their insider trading

Speaking to CNBC’s Contessa Brewer on Squawk Box on Friday, October 9, Silver argued that prediction markets raise many of the same concerns as traditional sports betting, with special emphasis on contracts that involve sensitive information about teams, players and coaches.

For professional leagues, access to trading data could help identify suspicious activity and investigate whether trades are linked to confidential information.

“Whether it’s called a prediction market, whether it’s sports betting, it’s the same issues for our league, and I think for all the leagues, there are issues around integrity first and foremost,” Silver said.

NBA Seeks Prediction Market Data to Detect Insider Trading

[DanWalker]

Sports leagues have already been securing data-sharing deal with traditional bookmaker.

So, it is natural to make same demand of prediction market as well.

But the real game is actually about control and money!

At start, Silver made fuss about contract regarding the dismissal of bizarre coach. And then, before you know it, you'll see NBA hastily striking preferred partner deals with Kalshi and Polymarket.

Truth be told, prediction market are far more transparent than most sportsbook.

[rbynxx]

I think they should do, but should be limited, it's probably to help protect the integrity of the game or the league. If some people are using these private informations about players, coaches, or teams to make money on these markets that is totally unfair and can damage the league's reputation.

However, I don't think prediction markets are the problem at all. People are still allowed to make predictions based on public information. Just because someone makes a prediction that a coach will get fired or a player will have an injury doesn't necessarily mean they have some inside information. The real issue is how people misuse these confidential information for their personal gain or interest. There should always be a balance on everything.

[robelneo]

They want access to data so they can have control, for fear of being controlled by this sensitive information leaking on the prediction market. This is called initiative because they don't want scandals or controversies that could ruin their reputation and lead to weak ticket sales.
They just want to protect their profit; that's all there is, because they have seen controversies over leaked information from other industries.

[Sandra_hakeem]

To protect the integrity of the games, Commissioner Adam Silver is looking to gain access to prediction market data to avoid insider trading. He is questioning contract-based events, such as whether a coach will be fired, as something odd behavior and damaging to the sport.

If I understood you correctly, this is a problem with the entire organization and people in high places where informations are debated. What could possibly go wrong? Well it can either work for good, or not at all.

If prediction markets are ready to cooperate with the organization to release suspected data for proper scrutiny, the job is made easy. If they also cannot because of what they stand to lose, it becomes more difficult and a lot of things could go wrong from there. I believe "they can only allow you to see what they want you to see"

Do you think sports organizations should gain access to prediction market data to protect the integrity of the sports

Yes. Why did it take them so long?

....and do you think the prediction market is harming the sports organizations with their insider trading

Have you ever heard of rumors about officials getting incentives for match fixing? Like, they officiate the match and manipulate the results against the masses for a huge sum of money undercover? That's an illegal pushback against the sports organizations and it can cause more harm than you think.

[GreatArkansas]

Polymarket trades are already on-chain, so those suspicious wallets with perfect timing can already be seen by anyone, even NBA can check it without asking. The hard part is knowing who is behind the wallet, that's where they really need the data, like the KYC on Kalshi side. I'm fine with it if it's only for checking suspicious bets, not like what Silver said that they also want control of the market. Manipulation may still exist even everything is still on-chain, this is what they need to be really enforce, like insider trading.

[BitMaxz]

I think they already have access to prediction markets, but how can it help this kind of inside trading since the coaches can use friends or 3rd party persons to bypass that thing just to do the illegal things like match-fixing or dumping the game?

Gaining access to prediction market data would just make it worse; honestly, the organization itself might be the one who will do illegal things or inside jobs.
I think it is much safer if they don't have any access to the prediction market, but I think they already gain access and only use the integrity of the game as way of key to access the data from the prediction market.

[Yamifoud]

They should not drag the prediction market into their dirty trick.

“We want access to that data. We also want control of the market,” he added, while also questioning contracts based on events such as whether a coach will be fired, describing that type of trading activity as “odd behavior.”

This is very clear why they want to do that. When greed becomes their soul, they will do whatever it takes, even if it ruins their reputation.

We don't want to see sports organizations become the worst organizations. In fact, they should promote transparency because they are in business, rather than putting them into questionable results.

[shinratensei_]

Using insider as a reason to get the access to the prediction market was BS. The fact that they are already in partnership since a month ago, and it's all about money money and money. The insider trade didn't benefit to them, so they wanna control what kind of contract that allowed by them to give them benefit.
No doubt so many people are hating him as commissioner.

Imo, the league should not have control over what kind of contract that could be offered. It's potentially affecting the competitiveness. This potentially makes the league getting even more rigged than before.

[alegotardo]

Do you think sports organizations should gain access to prediction market data to protect the integrity of the sports, and o you think the prediction market is harming the sports organizations with their insider trading

Before answer, I think it is necessary to separate two things:
- Legitimate prediction, where a person uses statistics, team performance, historical data and public information to trade.
- The use of insider information, with access to confidential information, such as this coach's firing, an injury that has not been publicly disclosed yet or internal decisions made by a club... anything used to make a profit before other people.

So, I think YES! Sports organizations should have access to relevant data from prediction markets, especially when there are suspicions of manipulation or the use of insider information. The problem is when this turns into unjustified abuse... I think this access needs to have limits. They should not have unrestricted access to all users' personal data or use this information to control the market for their own benefit, because then the harm gets reversed instead of being fought.

I do not think prediction markets are bad for sports. These kinds of fraud exist everywhere, what is needed is regulation and constant monitoring.

[Darker45]

Whether insider trading directly or indirectly harms sports organization or not, there's nothing that justifies it. It should be prevented. But, of course, it's harmful. Manipulation follows if you allow that.

I think I'm in favor of sports organizations given access to prediction market data. Although it won't guarantee integrity of the sports, at the very least it would remove one point of manipulation. Of course, there are ways to go around it, but at least it makes it a bit harder for bad actors to cheat. Otherwise, players could easily bet on their own games and performances.

However, I think a better solution would be to limit the events that sports organizations allow in prediction markets. There are events that are probably so predictable from the inside. It's easy money, so anybody could be attracted to make a bet.

[famososMuertos]

Prediction markets have become popular, but they have actually been around for years. For a long time, they have provided statistics on a wide range of scenarios; not just sports, but also politics and any other type of data one might be interested in. In any case, what has improved is the scale of the data; while it used to involve thousands or hundreds of thousands of data points, it now involves millions.

Someone previously remarked that prediction markets are fairer than some casinos; in truth, one could argue that it’s a draw; and, if you ask me, it is actually easier to manipulate the outcome of a prediction market than it is to fix a sports match.