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The NBA and NCAA both specifically asked the CFTC to adopt a minimum age of 21 for users to trade on sports-event contracts, something the NFL also requested.Kalshi and Polymarket allow people as young as 18 to use their platforms. Age requirements on sportsbooks, which are regulated on a state-by-state basis, can vary; FanDuel, for example, requires users in most states to be at least 21, although in Washington, D.C. and Wyoming the minimum age is 18, while DraftKings allows 18-year-old users in many states, but the age requirement goes up to 19 in Nebraska and Alabama, and 21 in Arizona, Illinois, Iowa, Louisiana, Massachusetts, and Virginia. The ATP did not specify a specific age limit, but did say the proposal failed to establish things like age and advertising restrictions.
Ben Golliver: NBA Commissioner Adam Silver on possible Las Vegas expansion franchise: "Multiple very serious groups are in the process of presenting plans to our bankers. ... It's music to my ears. ... It's very encouraging. No votes have been taken yet."
This little game has been played 1.3 million times in the last 20 hours 🤯
— HoopsHype (@hoopshypeofficial.bsky.social) 2026-07-15T00:05:34.615Z
The NBA eliminated “dozens” of jobs Wednesday, sources told SBJ, as the league continues to reallocate resources toward perceived growth areas such as NBA Europe and its burgeoning local TV business. Nine months after NBA Commissioner Adam Silver reorganized the league office with an eye on global pursuits, Wednesday’s follow-up layoffs will impact a handful of business departments and support staff -- but also translate to new strategic hires, according to an internal memo from Silver obtained by SBJ.
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The NBA’s BOG is scheduled to meet in mid-July, although it is unclear whether the governors will greenlight the franchises in just a matter of two weeks. The sense, according to sources, is that the winning bids will be announced on a rolling basis -- not all at once -- and that the NBA is still trying to sort out a potential EuroLeage partnership.
Sources said that since the NBA tweaked the league’s financial model in late April, the initial bids (due in late March) have grown by more than 100%. For instance, in the first decade of NBA Europe, the NBA expects to make over $10B in distributions, will invest over $3B right away to offset potential early-stage losses and that the 12 permanent franchises will earn money by Year 3.
Adam Aaronson: Non-taxpayer's mid-level exception: 2026-27: $15,044,000 2027-28: $15,796,200 2028-29: $16,548,400 2029-30: $17,300,600 Total: $64,689,200 Taxpayer's mid-level exception: 2026-27: $6,064,000 2027-28: $6,367,200 Total: $12,431,200
Yossi Gozlan: 2026-27 salary cap figures: Salary cap: $164,961,000 Luxury tax: $200,428,000 First apron: $209,015,000 Second apron: $221,686,000 Salary floor: $148,465,000 Non-taxpayer mid-level: $15,044,000 Room mid-level: $9,366,999 Taxpayer mid-level: $6,064,000 25% max: $41,240,000 30% max: $49,488,300 35% max: $57,736,350
NBA Communications: The National Basketball Association announced today that the Salary Cap for the 2026-27 season has been set at $164.961 million. The Tax Level for the 2026-27 season is $200.428 million.
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Oh No He Didn't: Adam Silver: "It's a new era of NBA basketball. This will be the 8th different team that won a championship over the last 8 years. We've always talked about this parity of opportunity where teams can win multiple championships in a row? Great. But we want a league where every team has an opportunity to compete...it just really speaks to the state of NBA basketball and the state of the future of the game. There's just so much talent everywhere"
NBA Communications: Game 3 of the 2026 NBA Finals between the San Antonio Spurs and New York Knicks was the most-watched NBA Finals Game 3 in 28 years (since Bulls/Jazz in 1998), averaging 23.8 million viewers on ABC and ESPN. The audience peaked with 26.3 million viewers at 11:15 p.m. ET. Game 4 tips off tonight at 8:30 p.m. ET on ABC.
"The investigation has been conducted by a law firm independent of the NBA," Silver said at Frost Bank Center prior to Game 1 of the 2026 NBA Finals between the San Antonio Spurs and New York Knicks. "Yes, ultimately we're paying their bills, but they are doing the work independent of the league office, and my instruction to them is we can't be investigating forever, but at some point we have to wrap it up. But at the same time, the most important thing is that we get it right. "I think it's clear they're far along. I think those reports are reading all the time from people who are being interviewed by them and I think they understand that you can keep going on and on. But I think we're close to the point now where I think we need to wrap this up because you also need finality. Their team has to understand what the situation is they're going to be operating under, and so do the other 29 teams."