Polymarket Withdraws Patrick Mahomes Week 1 Market After CFTC Pushback
Updated
Updated · ESPN · Aug 28
Polymarket Withdraws Patrick Mahomes Week 1 Market After CFTC Pushback
3 articles · Updated · ESPN · Aug 28
Summary
Polymarket pulled its Patrick Mahomes Week 1 contract a day after self-certifying it, saying the move was needed for full compliance with CFTC guidance.
The contract asked whether Mahomes would play in the Kansas City Chiefs' season opener, and a source said the CFTC also told other prediction-market operators to remove NFL player-availability markets.
The NFL has argued such markets should be barred because they can hinge on injuries, officiating or outcomes one person could influence; Mahomes is returning from a season-ending left knee injury.
Kalshi was still offering Mahomes starter and other injured-player return markets on Friday, even as prediction markets face broader legal pressure over whether they are gambling or financial swaps.
That pressure intensified Friday when a federal appeals court backed Nevada in blocking Kalshi from offering sports or political event trading without a gambling license.