NBA star Giannis Antetokounmpo gets in bed with sports gambling as a Kalshi shareholder | Fortune
Giannis Antetokounmpo has become a shareholder in Kalshi, a prediction market, and will participate in marketing efforts, but is barred from trading NBA-related markets.Summary
Milwaukee Bucks star Giannis Antetokounmpo has invested in Kalshi, a prediction market offering sports trading opportunities. He announced the partnership on social media, stating his desire to “make some of my own” predictions. Kalshi CEO Tarek Mansour praised Antetokounmpo as a valuable long-term partner. While Antetokounmpo will assist with live events and marketing, he is prohibited from trading on markets related to the NBA. He expressed excitement about Kalshi’s potential for success, noting his enjoyment of the markets. Antetokounmpo also holds ownership stakes in the Milwaukee Brewers and Nashville SC. Prediction markets allow users to wager on future events, with prices reflecting the perceived probability of outcomes. A recent event on Polymarket saw a trader profit significantly from a correct prediction regarding Venezuelan President Nicolás Maduro, raising concerns about potential insider trading.
(Source：Fortune)