Name: Controversy Rises Over Betting on NCAA Transfer Portal
Uploaded: 2025-12-19T15:46:03-05:00
Duration: 3 min 35 s
Description: Discussion on Kalshi's controversial new betting market predicting NCAA student athletes' transfer decisions, triggering debates on sports betting ethics.

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Discussion on Kalshi's controversial new betting market predicting NCAA student athletes' transfer decisions, triggering debates on sports betting ethics.

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Controversy Rises Over Betting on NCAA Transfer Portal

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Let's get to Calci here. They made news this week as well, and, you know, everybody trying to make a buck and starting a business that could end up being a billion-dollar business. I certainly respect it. But I definitely question the intent of some of the folks that thought that this would be a good idea, meaning the idea that we're gonna discuss of actually having predictions on where kids end up transferring to through the transfer portal. My gosh, like I understand the outcomes of games and I understand trades. But Sam, like this whole transfer portal stuff is new for all of us in this world, and it involves kids sometimes that are very young as well. And, look, I'm not big on thinking that so many different things can be manipulated in sports betting. I know some are gonna happen, they're always gonna be bad actors. But man, this just opens up the door for that. Why would they wanna kick open that thing? I, I gotta wonder. Yeah, this is what goes back to one of the core arguments as to why people want sports betting regulated by the states, why they want state gambling laws to prevent things, because historically, sports books have not offered or even been able to offer markets like the ones Khi's proposing, where you can bet on, uh, not just if a college athlete is going to enter the transfer portal, but where they'll end up going, uh, which. She has signaled with its contracts saying that these markets would be resolved, you know, and things like social media posts or public reporting, even if these athletes reverse course and decide not to go through with that or go to another school, but, um, sports books aren't allowed to do this. And because prediction markets really have no rules they need to follow right now, nothing is stopping Calhi from self-certifying and listing these. with the CFTC. Now, as to why they might want to do it, um, there could be several reasons, you know, they want to, uh, the whole mission of prediction markets has been to kind of gamify and financialize everything that happens in the world, uh, including, uh, decisions that sometimes can rely on insider trading, as you alluded to Craig. It doesn't look like, at least right now, there would be any specific protocols to prevent a friend. Or family member of someone who or a college athlete who is thinking about transferring, it doesn't look like there would be any protocols to really prevent them from making a wager or benefiting on this, and we really don't know how this would all be policed. Now I want to make sure I hit home the point that this has not happened already. This is just how she's listing its intent to do this, but it's certainly making headlines. It's, you know, turning into a landscape. Where I'm on your show talking about it, how she's getting more, uh, public attention about this, you know, whether it's criticism, right or wrong, you know, all publicity is good publicity. Um, but meanwhile, it kind of further differentiates them as prediction markets attempting to go much further and much farther than sports books ever have been able to. The NCAA came out, you know, not so surprisingly, and criticized this, called call she an unregulated. Ammint and said that this Kind of a terrible idea. Kashi responded saying, regulated by the CFTC, which obviously hasn't done much, so, uh, we'll see if this even ends up getting, you know, becoming a thing by next year, but, um, it certainly would attract a lot of people interested in betting on this kind of thing, you know, you had over, I think, over 2000, uh, D1 football players just last year enter the transfer portal. So, you know, people love to bet on everything. If you give them another way to do it. Um, I certainly don't think they'll scoff at that. And meanwhile, regulation and Anyone who's trying to stop this, it seems to be kind of waiting in the wings, um, sloshing through the courts.

Controversy Rises Over Betting on NCAA Transfer Portal

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