{"id":6178,"date":"2026-11-12T13:38:42","date_gmt":"2026-11-12T12:38:42","guid":{"rendered":"https:\/\/winsider.sk\/?p=6178"},"modified":"2026-11-12T13:38:42","modified_gmt":"2026-11-12T12:38:42","slug":"nba-chce-vidiet-do-obchodov-na-predikcnych-trhoch-strazcovia-integrity-sportu-sa-stahuju-na-nove-platformy","status":"publish","type":"post","link":"https:\/\/winsider.sk\/index.php\/2026\/11\/12\/nba-chce-vidiet-do-obchodov-na-predikcnych-trhoch-strazcovia-integrity-sportu-sa-stahuju-na-nove-platformy\/","title":{"rendered":"NBA chce vidie\u0165 do obchodov na predik\u010dn\u00fdch trhoch. Str\u00e1\u017ecovia integrity \u0161portu sa s\u0165ahuj\u00fa na nov\u00e9 platformy"},"content":{"rendered":"<p>Americk\u00e1 basketbalov\u00e1 liga NBA chce ma\u0165 pr\u00edstup k \u00fadajom o obchodoch na predik\u010dn\u00fdch trhoch, aby dok\u00e1zala odhali\u0165 podozriv\u00e9 transakcie a pr\u00edpadn\u00e9 obchodovanie s d\u00f4vern\u00fdmi inform\u00e1ciami. Komis\u00e1r ligy Adam Silver to povedal v piatok 9. okt\u00f3bra v rel\u00e1cii Squawk Box telev\u00edzie CNBC. Pod\u013ea neho predik\u010dn\u00e9 trhy prin\u00e1\u0161aj\u00fa pre \u0161port rovnak\u00e9 rizik\u00e1 ako klasick\u00e9 \u0161portov\u00e9 st\u00e1vky, najm\u00e4 pri kontraktoch, ktor\u00e9 sa via\u017eu na citliv\u00e9 inform\u00e1cie o t\u00edmoch, hr\u00e1\u010doch a tr\u00e9neroch. Silver v\u00fdslovne spomenul aj kontrakty na to, \u010di bude niektor\u00fd tr\u00e9ner prepusten\u00fd, a tak\u00e9to obchodovanie ozna\u010dil za \u010dudn\u00e9 spr\u00e1vanie.<\/p>\n<p>Vyjadrenie pri\u0161lo len de\u0148 po tom, ako americk\u00e1 futbalov\u00e1 liga NFL podala na Najvy\u0161\u0161\u00ed s\u00fad USA takzvan\u00fd amicus brief, teda stanovisko tretej strany, ktor\u00e1 nie je \u00fa\u010dastn\u00edkom sporu, ale chce s\u00fadu predlo\u017ei\u0165 svoj poh\u013ead. NFL v \u0148om podporila regul\u00e1torov z New Jersey a tvrd\u00ed, \u017ee \u0161portov\u00e9 kontrakty na predik\u010dn\u00fdch trhoch s\u00fa hazard, nie finan\u010dn\u00e9 swapy. Dve ve\u013ek\u00e9 profesion\u00e1lne ligy v Spojen\u00fdch \u0161t\u00e1toch tak v priebehu dvoch dn\u00ed dali jasne najavo, \u017ee ochranu integrity \u0161portu u\u017e nechc\u00fa obmedzova\u0165 len na st\u00e1vkov\u00e9 kancel\u00e1rie. Boj o to, kto bude dozera\u0165 na peniaze staven\u00e9 na \u0161port, sa pres\u00fava na platformy, ktor\u00e9 sa samy pova\u017euj\u00fa sk\u00f4r za burzy ne\u017e za st\u00e1vkov\u00e9 kancel\u00e1rie.<\/p>\n<p>Predik\u010dn\u00e9 trhy ako Kalshi funguj\u00fa na princ\u00edpe takzvan\u00fdch kontraktov na udalosti. Ide o finan\u010dn\u00e9 n\u00e1stroje, ktor\u00fdch hodnota z\u00e1vis\u00ed od toho, \u010di nastane ur\u010dit\u00e1 udalos\u0165, napr\u00edklad \u010di t\u00edm vyhr\u00e1 z\u00e1pas. Pou\u017e\u00edvate\u013e teda nestavia proti kancel\u00e1rii, ale obchoduje s in\u00fdmi \u00fa\u010dastn\u00edkmi trhu a platforma zar\u00e1ba na poplatkoch. Prev\u00e1dzkovatelia sa odvol\u00e1vaj\u00fa na feder\u00e1lny z\u00e1kon o komoditn\u00fdch burz\u00e1ch a na doh\u013ead Komisie pre obchodovanie s komoditn\u00fdmi futures (CFTC), feder\u00e1lneho regul\u00e1tora deriv\u00e1tov\u00fdch trhov. V\u010faka tomu tvrdia, \u017ee nepotrebuj\u00fa licencie jednotliv\u00fdch \u0161t\u00e1tov, ktor\u00e9 inak \u0161portov\u00e9 st\u00e1vky v USA povo\u013euj\u00fa, zda\u0148uj\u00fa a kontroluj\u00fa.<\/p>\n<p>Pr\u00e1ve tu sa l\u00e1me cel\u00fd spor. \u0160t\u00e1ty prich\u00e1dzaj\u00fa o kontrolu aj o da\u0148ov\u00e9 pr\u00edjmy a licencovan\u00ed oper\u00e1tori o z\u00e1kazn\u00edkov, preto \u0161t\u00e1tni regul\u00e1tori predik\u010dn\u00e9 trhy nap\u00e1daj\u00fa na s\u00fadoch. V\u00fdsledky s\u00fa zatia\u013e rozporupln\u00e9. V septembri odvolac\u00ed s\u00fad rozhodol, \u017ee \u0161t\u00e1ty m\u00f4\u017eu \u0161portov\u00e9 predik\u010dn\u00e9 trhy regulova\u0165. Neskor\u0161ie rozhodnutie v Illinois v\u0161ak \u0161t\u00e1tu do\u010dasne zabr\u00e1nilo uplat\u0148ova\u0165 z\u00e1kony o hazarde na kontrakty na udalosti, ktor\u00e9 pon\u00fakaj\u00fa Kalshi a Coinbase. Pr\u00e1vny status \u0161portov\u00fdch kontraktov tak zost\u00e1va neist\u00fd a \u010doraz viac to vyzer\u00e1, \u017ee posledn\u00fa bodku nap\u00ed\u0161e Najvy\u0161\u0161\u00ed s\u00fad.<\/p>\n<h2>D\u00e1ta ako nov\u00fd n\u00e1stroj aj nov\u00e1 p\u00e1ka<\/h2>\n<p>Silverova po\u017eiadavka m\u00e1 dve vrstvy. Tou zjavnou je integrita. Pri klasick\u00fdch st\u00e1vkach maj\u00fa ligy vybudovan\u00fa sie\u0165 doh\u00f4d so st\u00e1vkov\u00fdmi kancel\u00e1riami a firmami, ktor\u00e9 monitoruj\u00fa kurzy a hl\u00e1sia neobvykl\u00e9 pohyby. Licencovan\u00e1 st\u00e1vkov\u00e1 kancel\u00e1ria v USA mus\u00ed podozriv\u00e9 st\u00e1vky hl\u00e1si\u0165 regul\u00e1torovi a \u010dasto aj samotnej lige. Predik\u010dn\u00e9 trhy do tohto syst\u00e9mu zatia\u013e nepatria. Ak niekto s pr\u00edstupom k neverejn\u00fdm inform\u00e1ci\u00e1m, napr\u00edklad o zranen\u00ed hr\u00e1\u010da alebo o chystanej v\u00fdmene tr\u00e9nera, nak\u00fapi kontrakty na burze, liga to nemus\u00ed v\u00f4bec zisti\u0165. Pr\u00e1ve na tak\u00e9to kontrakty viazan\u00e9 na zranenia a individu\u00e1lne v\u00fdkony upozor\u0148uje aj NFL, pod\u013ea ktorej vytv\u00e1raj\u00fa pr\u00edle\u017eitosti zarobi\u0165 pre \u013eud\u00ed s pr\u00edstupom k d\u00f4vern\u00fdm inform\u00e1ci\u00e1m.<\/p>\n<p>Druh\u00e1 vrstva je menej vidite\u013en\u00e1, no ekonomicky mo\u017eno podstatnej\u0161ia. Silver ne\u017eiada len \u00fadaje. \u201eChceme pr\u00edstup k t\u00fdmto d\u00e1tam. Chceme ma\u0165 aj kontrolu nad trhom,\u201c povedal. Kontrola trhu m\u00f4\u017ee znamena\u0165 mo\u017enos\u0165 ovplyvni\u0165, ak\u00e9 kontrakty sa v\u00f4bec sm\u00fa pon\u00faka\u0165, a v \u0161ir\u0161om zmysle aj vyjedn\u00e1vaciu poz\u00edciu pri predaji ofici\u00e1lnych d\u00e1t a licenci\u00ed. Americk\u00e9 ligy dnes zar\u00e1baj\u00fa na partnerstv\u00e1ch so st\u00e1vkov\u00fdmi kancel\u00e1riami a na predaji ofici\u00e1lnych \u0161portov\u00fdch \u00fadajov. Predik\u010dn\u00e9 trhy, ktor\u00e9 pon\u00fakaj\u00fa kontrakty na v\u00fdsledky ich z\u00e1pasov, s\u00fa z tohto poh\u013eadu konkurent, ktor\u00fd \u0165a\u017e\u00ed z ich produktu a neprispieva do syst\u00e9mu ochrany integrity. Ligy tak maj\u00fa siln\u00fd mot\u00edv pritiahnu\u0165 burzy do rovnak\u00e9ho r\u00e1mca, ak\u00fd plat\u00ed pre st\u00e1vkov\u00e9 kancel\u00e1rie.<\/p>\n<p>Zauj\u00edmav\u00e9 je, \u017ee NBA a NFL sa nezhoduj\u00fa \u00faplne. NFL v podan\u00ed na Najvy\u0161\u0161\u00ed s\u00fad stoj\u00ed na strane \u0161t\u00e1tov a chce, aby sa \u0161portov\u00e9 kontrakty posudzovali pod\u013ea z\u00e1konov o hazarde. Silver s\u00edce s\u00fahlas\u00ed s po\u017eiadavkou NFL, aby minim\u00e1lny vek na obchodovanie bol 21 rokov, \u010do zodpoved\u00e1 vekovej hranici pre \u0161portov\u00e9 st\u00e1vky v mnoh\u00fdch \u0161t\u00e1toch, no z\u00e1rove\u0148 uprednost\u0148uje feder\u00e1lnu regul\u00e1ciu predik\u010dn\u00fdch platforiem. Argumentuje praktickou sk\u00fasenos\u0165ou. NBA pod\u013ea neho p\u00f4sob\u00ed v pribli\u017ene 40 regula\u010dn\u00fdch jurisdikci\u00e1ch a jednotn\u00fd n\u00e1rodn\u00fd r\u00e1mec by bol lep\u0161\u00ed ne\u017e mozaika rozdielnych pravidiel. Silver teda nespochyb\u0148uje existenciu predik\u010dn\u00fdch trhov ako tak\u00fa, chce v\u0161ak, aby nad nimi st\u00e1l jeden regul\u00e1tor s jasn\u00fdmi povinnos\u0165ami vo\u010di lig\u00e1m.<\/p>\n<p>Kto na tom vyhr\u00e1 a kto prehr\u00e1, z\u00e1vis\u00ed od toho, ktor\u00e1 cesta sa presad\u00ed. Ak s\u00fady potvrdia, \u017ee ide o hazard, predik\u010dn\u00e9 trhy bud\u00fa potrebova\u0165 licencie v ka\u017edom \u0161t\u00e1te zvl\u00e1\u0161\u0165, bud\u00fa plati\u0165 \u0161t\u00e1tne dane a ich hlavn\u00e1 konkuren\u010dn\u00e1 v\u00fdhoda zmizne. To by pote\u0161ilo licencovan\u00e9 st\u00e1vkov\u00e9 kancel\u00e1rie aj \u0161t\u00e1tne rozpo\u010dty. Ak sa presad\u00ed feder\u00e1lny doh\u013ead, platformy si udr\u017eia celo\u0161t\u00e1tny dosah, no ligy bud\u00fa tla\u010di\u0165 na CFTC, aby do pravidiel zapracovala povinnos\u0165 zdie\u013ea\u0165 \u00fadaje a hl\u00e1si\u0165 podozriv\u00e9 obchody. Pre samotn\u00e9 platformy by pr\u00edstup l\u00edg k d\u00e1tam mohol paradoxne znamena\u0165 aj ist\u00fa legitimitu, preto\u017ee spolupr\u00e1ca s ligami by oslabila argument, \u017ee ohrozuj\u00fa \u010distotu \u0161portu.<\/p>\n<p>Otvoren\u00fdch ot\u00e1zok je v\u0161ak viac. Nie je jasn\u00e9, v akej podobe by ligy \u00fadaje dost\u00e1vali, \u010di by i\u0161lo o anonymizovan\u00e9 objemy obchodov, alebo o identitu konkr\u00e9tnych obchodn\u00edkov, a kto by zodpovedal za ochranu tak\u00fdchto inform\u00e1ci\u00ed. Na finan\u010dn\u00fdch burz\u00e1ch sa obchodovanie s d\u00f4vern\u00fdmi inform\u00e1ciami posudzuje inak ne\u017e pri st\u00e1vkach a vy\u0161etrovanie m\u00e1 na starosti regul\u00e1tor, nie s\u00fakromn\u00e1 organiz\u00e1cia, akou je \u0161portov\u00e1 liga. Ot\u00e1zne je aj to, \u010di CFTC, ktor\u00e1 bola stavan\u00e1 na doh\u013ead nad komoditami a deriv\u00e1tmi, m\u00e1 kapacity sledova\u0165 tis\u00edce kontraktov na jednotliv\u00e9 z\u00e1pasy, hr\u00e1\u010dov a tr\u00e9nerov.<\/p>\n<p>Tlak bude v najbli\u017e\u0161\u00edch mesiacoch r\u00e1s\u0165. Futbalov\u00e1 sez\u00f3na NFL zvy\u0161uje objemy obchodov na kontraktoch viazan\u00fdch na z\u00e1pasy. K\u013e\u00fa\u010dov\u00e9 bude, \u010di Najvy\u0161\u0161\u00ed s\u00fad prijme spor na rozhodnutie a ako sa postav\u00ed k ot\u00e1zke, \u010di maj\u00fa prednos\u0165 \u0161t\u00e1tne z\u00e1kony o hazarde, alebo feder\u00e1lna regul\u00e1cia komod\u00edt. Paralelne treba sledova\u0165, \u010di niektor\u00e1 z platforiem uzavrie s ligou dobrovo\u013en\u00fa dohodu o zdie\u013ean\u00ed \u00fadajov sk\u00f4r, ne\u017e ju k tomu don\u00fati s\u00fad alebo regul\u00e1tor. Nech u\u017e rozhodnutie padne ak\u00e9ko\u013evek, jedna vec sa zmenila natrvalo. Ochrana integrity \u0161portu sa u\u017e neodohr\u00e1va len pri okienku st\u00e1vkovej kancel\u00e1rie, ale aj v obchodn\u00fdch knih\u00e1ch b\u00farz, ktor\u00e9 si e\u0161te ned\u00e1vno mysleli, \u017ee sa ich tento probl\u00e9m net\u00fdka.<\/p>\n<p class=\"winsider-rg\"><small>Hazardn\u00e9 hry s\u00fa ur\u010den\u00e9 v\u00fdhradne osob\u00e1m star\u0161\u00edm ako 18 rokov. Hrajte zodpovedne.<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Komis\u00e1r NBA Adam Silver \u017eiada pr\u00edstup k \u00fadajom z predik\u010dn\u00fdch trhov, aby liga mohla odhali\u0165 obchodovanie s d\u00f4vern\u00fdmi inform\u00e1ciami. NFL z\u00e1rove\u0148 na Najvy\u0161\u0161om s\u00fade presadzuje, aby sa \u0161portov\u00e9 kontrakty pova\u017eovali za hazard.<\/p>\n","protected":false},"author":6,"featured_media":6177,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[37],"tags":[192,102,177,97,80,81],"class_list":["post-6178","post","type-post","status-publish","format-standard","has-post-thumbnail","category-sportove-stavkovanie","tag-integrita-sportu","tag-kalshi","tag-nba","tag-nfl","tag-predikcne-trhy","tag-usa"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NBA chce vidie\u0165 do obchodov na predik\u010dn\u00fdch trhoch. Str\u00e1\u017ecovia integrity \u0161portu sa s\u0165ahuj\u00fa na nov\u00e9 platformy - ONLINE MAGAZ\u00cdN<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/winsider.sk\/index.php\/2026\/11\/12\/nba-chce-vidiet-do-obchodov-na-predikcnych-trhoch-strazcovia-integrity-sportu-sa-stahuju-na-nove-platformy\/\" \/>\n<meta property=\"og:locale\" content=\"sk_SK\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NBA chce vidie\u0165 do obchodov na predik\u010dn\u00fdch trhoch. Str\u00e1\u017ecovia integrity \u0161portu sa s\u0165ahuj\u00fa na nov\u00e9 platformy - ONLINE MAGAZ\u00cdN\" \/>\n<meta property=\"og:description\" content=\"Komis\u00e1r NBA Adam Silver \u017eiada pr\u00edstup k \u00fadajom z predik\u010dn\u00fdch trhov, aby liga mohla odhali\u0165 obchodovanie s d\u00f4vern\u00fdmi inform\u00e1ciami. 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