Also: Lindsey Vonn returns to the Olympics. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌
Read in Browser

Front Office Sports - The Memo

Afternoon Edition

December 23, 2025

POWERED BY

The NFL, NBA, and MLB have all kept their distance from prediction markets Kalshi and Polymarket. But the NHL made an official league partnership with both, and on Tuesday FOS broke news that the Chicago Blackhawks have made their own deal with Kalshi. The move underscores the NHL’s growing comfort with sports event contracts.

Elsewhere, FOS sources say MLB teams are concerned about the league’s coming consolidation of power with tech contracts.

Ben Horney and Eric Fisher

Blackhawks Are First Pro Team to Make Direct Deal With Kalshi

Marc DesRosiers-IMAGN Images

The Blackhawks are breaking the ice on prediction markets.

The Chicago NHL team has reached a deal with Kalshi, making them the first North American pro sports team to partner with a prediction-market platform, according to a statement shared with Front Office Sports.

Under the agreement—which takes effect this week—each side can use the other’s intellectual property for co-marketing purposes, they will cross-promote on social media platforms, and Kalshi will be promoted during home games at the United Center and on Blackhawks broadcasts. Financial details were not disclosed.

“We’re proud to share an innovative mindset with Kalshi,” Blackhawks EVP of revenue and strategy Matt Gray said.

Kalshi was already an “official partner” of the NHL through a multiyear deal reached in October. Polymarket, Kalshi’s main rival, is also an “official partner” of the NHL. (Polymarket is not involved in the deal with the Blackhawks.) 

Polymarket and Kalshi have been engaged in a partnership battle since Polymarket was cleared to return to the U.S. after having been banned for roughly four years. Kalshi has other agreements with CNN and CNBC, and this month signed a deal with U.K. six-on-six soccer league Baller League that includes live media rights for Kalshi to broadcast games on its website and app. Polymarket, meanwhile, has deals with UFC and Yahoo Finance. Both are also partnered with Google and Pro Pickleball.

The NHL is the only one of the big four North American sports leagues that has embraced prediction markets, which have generated controversy because of their similarity to traditional sports betting. While sports betting is regulated on a state-by-state basis, prediction-market platforms like Kalshi are federally regulated by the Commodity Futures Trading Commission (CFTC). They also offer more than just sports—users can put money on the prices of gold, cryptocurrencies, and more.

In November, NHL commissioner Gary Bettman said the agreements with Kalshi and Polymarket were made in part because the league thinks it’s important for fans to know that event contracts are “based on real data.” (Event contract trading involves a user buying a position based on the predicted outcome of an individual game or event, such as “Will the Blackhawks beat the Flyers?”)

“But more importantly, it gives us control, because we have the ability to take down any contracts we don’t think are appropriate,” Bettman said.

The NFL, NBA, MLB, and NCAA have yet to come around. NFL commissioner Roger Goodell said earlier this month the league was not ready to join in on the prediction-market parade, while NCAA president Charlie Baker said the lack of oversight could be “catastrophic.” MLB issued a memo to players over the summer instructing them not to participate in prediction markets, while the NBA’s assistant general counsel in May wrote a letter to the CFTC requesting “specific regulatory provisions that can mitigate the associated integrity risks” of prediction markets.

Kalshi has spent much of the year fighting against state regulators who want to snuff out sports event contracts in their states. At least 10 state regulators have issued cease-and-desist orders, and Kalshi is involved in more than a dozen lawsuits over its sports offerings—most recently a proposed class action brought by consumers who claim Kalshi is to blame for losses suffered using its platform. Following a recent ruling in Nevada, Kalshi faces the threat of enforcement action from that state’s gaming regulator—the Nevada Gaming Control Board could seek to force Kalshi to stop offering sports event contracts while the case continues, although it has yet to take such action.

Despite the controversy, prediction-market platforms continue to pop up like worms in the dirt after a rainstorm. The NHL may view itself as a pioneer; prior to the 2018 U.S. Supreme Court decision striking down the Professional and Amateur Sports Protection Act (PASPA)—which had effectively prohibited sports betting outside Nevada and a handful of states with sports lotteries—it, the NFL, NBA, MLB, and NCAA all opposed sports betting.

EXCLUSIVE

MLB Teams Fear League Will Pick Winners and Losers in Tech

The league is taking control of the choosing of tech partners, rather than leaving it up to teams; one firm under consideration was founded by a top MLB exec’s uncle. FOS has learned that MLB’s increased control over the $7 billion player tracking industry goes far beyond the minors. For more on this, read Bradford William Davis’s full story here.

Lindsey Vonn Returns to Olympics, Giving Boost to NBC

Christopher Creveling-Imagn Images

Lindsey Vonn, the winningest downhill skier in the sport’s history, has officially qualified for the 2026 Winter Olympics at the age of 41, providing a major lift for NBC.

The U.S. Ski & Snowboard Team said early Tuesday that Vonn, a three-time Olympic medalist including a gold in 2010, will be part of the American team at the upcoming Milan-Cortina Games. Vonn is in the midst of a remarkable comeback from a five-year retirement, as well as a series of prior injuries—all defying a variety of odds in a sport that typically favors younger athletes. 

In the current World Cup season, Vonn has finished on the podium in four of five races, won one, and placed no worse than fourth—all building significantly on encouraging results last season in which she was the second-best American female speed skier. 

This will be Vonn’s fifth Olympics appearance, and she will be on the U.S. team with Mikaela Shiffrin, the current World Cup women’s skiing leader and another superstar of the sport. 

“I am honored to be able to represent my country one more time, in my fifth and final Olympics!,” Vonn said in an Instagram post. “I always had one eye on Cortina because it’s a place that is very, very special to me. Although I can’t guarantee any outcomes, I can guarantee that I will give my absolute best every time I kick out of the starting gate. No matter how these Games end up, I feel like I’ve already won.”

Broadcast Considerations

The presence of Vonn is another dose of good news for NBC, the U.S. media rights holder for the Olympics. The network already has been preparing for a large-scale viewership boost, due in part to resurgence of the Olympic movement coming out of the 2024 Summer Games in Paris, as well as a more favorable time zone difference in 2026 for U.S. viewers compared to prior Winter Olympics held in Asia. 

The upcoming Winter Olympics also will be part of a historic February 2026 for the network, set to show Super Bowl LX and the NBA All-Star Game. 

Vonn, however, is a major superstar, and someone who can help bring in casual viewers. 

“I look forward to saying her name a lot more times in the coming months, right?,” NBC anchor Peter Alexander said Tuesday morning on Today.

U.S. Ski & Snowboard, not surprisingly, conveyed a similar sentiment.

“Lindsey qualifying for the 2026 Olympic team is a testament to her resilience and dedication, and the remarkable results she’s delivered on the World Cup this season,” said the organization’s president and CEO, Sophie Goldschmidt. “She’s proven once again that elite performance isn’t just about past success, it’s about rising to the moment, race after race. We’re thrilled to cheer her on at the Olympics.”

FRONT OFFICE SPORTS TODAY

How 2025 Shaped Future of Sports

FOS illustration

2025 had massive impacts on the fabric of sports, with pivotal moments around athlete gambling, President Donald Trump’s unprecedented engagement with numerous teams and leagues, and the status of college athletes. FOS editor-in-chief Dan Roberts and senior editor Dennis Young join Baker Machado to discuss the biggest stories from this year and what questions still remain.

Watch the full episode here.

Status Report

Three Up, One Push

Indianapolis Colts defensive end Kwity Paye (51) tackles San Francisco 49ers running back Christian McCaffrey (23) on Monday, Dec. 22, 2025, during a game at Lucas Oil Stadium in Indianapolis.

The Indianapolis Star

NFL playoff picture ⬆ The Colts’ loss to the 49ers on Monday Night Football clinched postseason berths for the Bills, Chargers, and Jaguars, further defining a quickly solidifying playoff field for the league. Ten of 14 playoff slots have now been claimed, leaving only one open division winner and one wild card slot in each conference, and further separating contenders from those officially eliminated from the postseason.

ECHL ⬆⬇ The minor hockey league, a developmental entity two levels below the NHL, has been served with a strike notice by the Professional Hockey Players’ Association, which represents the league’s players. A strike would be effective Friday, as collective bargaining that has occurred throughout the year has not produced a new agreement. “Our members have made it clear that they’ve had enough,” union executive director Brian Ramsay said. “Unfortunately, this is a league that would rather bully us than bargain.”

Josh Brooks Georgia’s athletic director has received a contract extension through 2031, with his annual salary now averaging $1.75 million. The Bulldogs have won back-to-back SEC football championships under coach Kirby Smart. Brooks has been Georgia’s AD since 2021, when Greg McGarity retired.

Pro Bowlers Tuesday’s reveal of the 2026 Pro Bowl Games selections is greenlighting major contract incentives for players across the NFL. Notable bumps include Seahawks defensive end DeMarcus Lawrence receiving a $500,000 bonus, and Texans receiver Nico Collins and 49ers fullback Kyle Juszczyk getting $250,000 bonuses.

LOUD AND CLEAR

Gambling Scandal One-Off?

Dec 16, 2025; Las Vegas, Nevada, USA; NBA commissioner Adam Silver attends the Emirates NBA Cup Final between the New York Knicks and the San Antonio Spurs at T-Mobile Arena.

Kirby Lee-Imagn Images

“That’s an isolated incident.”

—NBA commissioner Adam Silver said Monday on Good Morning America in reference to the sports gambling case involving Heat guard Terry Rozier.

The integrity of the NBA has been questioned following the indictment that led to the arrest of Rozier and former player Damon Jones in October. Silver claims the incident is a one-off, though the NBA dealt a lifetime ban to former Raptors player Jontay Porter last year after he was caught violating the league’s gambling rules.

The indictment mentioned several NBA games that involved alleged fraudulent sports betting which Rozier did not participate in, but no other player was named in the court filing.

DAILY TRIVIA

Factle Sports

List the 5 teams with the most UEFA Champions League titles (if tied, rank alphabetically).

PLAY NOW