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Kalshi Halts NCAA Athlete Transfer Market Betting Amid Criticism from NCAA President

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Prediction market platform Kalshi has paused its NCAA athlete transfer portal betting feature amid backlash from NCAA President Charlie Baker, who warned of harassment and risks to student athletes. The firm, which is applying to the CFTC, said it has no immediate plans to launch the contracts and remains compliant under the Commodity Exchange Act. Kalshi’s move aligns with broader efforts in Countering the Financing of Terrorism and managing risk-on assets in regulated markets.
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