US EditionGiannis Antetokounmpo Joins Major Prediction Market Kalshi as a Shareholder
Giannis Antetokounmpo will support Kalshi's live events and marketing but cannot trade on NBA markets, marking his first business venture as a basketball star shareholder.
- On Friday, Milwaukee Bucks star Giannis Antetokounmpo announced he joined Kalshi as a shareholder, and Kalshi said he is the company's first basketball star to do so.
- Subject to trade speculation, Antetokounmpo had not played since straining his right calf on Jan. 23, while Kalshi posted event contracts and odds before Thursday's NBA trade deadline.
- The agreement gives Antetokounmpo a role in live events and marketing, and Kalshi CEO Tarek Mansour called him `a legend` and praised him as a long-term partner.
- Kalshi will prohibit Antetokounmpo from trading on NBA-related markets, and the deal could boost Kalshi's sports trading profile due to his stature, the company said.
- Prediction markets operate with event contracts that cost $0 to $1, reflecting 0% to 100% odds and rose to prominence in politics after a Polymarket trader won more than $400,000, raising insider-trading suspicions.
35 Articles
35 Articles
Giannis Antetokounmpo invests in Kalshi, a day after fans traded over $23 million on his NBA future
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Milwaukee Bucks superstar forward Giannis Antetokounmpo recently got a huge payday, and I'm not talking about a lucrative NBA contract.The man they call The Greek Freak announced on Friday that he had partnered with the online betting company, Kalshi, as a shareholder.Now, I know what you're thinking, a professional athlete partnering with a betting company? Sounds a little suspect.Not to worry, most of the fans on the internet share your concer…
Giannis Antetokounmpo Under Fire For Partnering With Kalshi Directly After NBA Trade Deadline
Giannis Antetokounmpo Did Milwaukee Bucks superstar Giannis Antetokounmpo intentionally manufacture rumors of his own potential move at the trade deadline to intentionally manipulate markets on Kalshi? That’s what some are asking after the Greek superstar announced his partnership with the prediction (don’t call it gambling!) market site on Friday, just a day after the NBA trade deadline. We all on @Kalshi now pic.twitter.com/cCNGxfLWO8 — Giann…
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