NBA star Giannis Antetokounmpo sleeps in sports gambling as a shareholder in Kalshi



Milwaukee Bucks star Giannis Antetokounmpo has become a shareholder in Kalshi, a major prediction market with a wide range of sports trading opportunities.

Antetokounmpo announced the partnership on Friday.

“The internet is full of opinions. I decided it was time to make my own,” Antetokounmpo posted onsocial media. “Today, I joined Kalshi as a shareholder.”

Kalshi said Antetokounmpo is the first basketball star to join the company as a shareholder. The partnership includes assistance with live events and marketing.

“Giannis is a legend,” Kalshi CEO Tarek Mansour said in a release. “He’s exactly the type of long-term partner we want to align our growing brand with, and we couldn’t be happier to have him.”

Antetokounmpo is the subject ofwidespread rumorsbefore Thursday’s NBA trade deadline. But the Bucks decided to keep the two-time MVP.

In the days before the deadline, Kalshi had several posts X which highlights the contracts of Antetokounmpo’s trade market event and the changing possibilities connected to the teams believed to be in the mix for his services.

According to Kalshi’s release, Antetokounmpo is prohibited from trading in NBA-related markets. Messages were left Friday seeking more details from Kalshi and comment from the NBA.

“I like Kalshi markets and have been checking them out a lot recently,” Antetokounmpo said in the company’s release. “I love to win. It’s clear to me that Kalshi is going to be a winner and I’m excited to be involved.”

Antetokounmpo, who has not played sincestraining his right calfon January 23, leaving time for the Bucks to have a postgame locker room to use after their105-99 victoryagainst the Indiana Pacers on Friday.

The 31-year-old Antetokounmpo is also part of the ownership group of baseball’s Milwaukee Brewers and Major League Soccer’s Nashville SC.

Prediction markets provide an opportunity to trade – or bet – on the outcome of future events. They are famous for politics, but the many questions that are mostly yes-or-no include everything from the weather to the Oscar for best picture.

Markets are composed of event contracts, with prices linked to what traders are willing to pay, which theoretically indicate the perceived probability of an event occurring. The buy-in for each contract ranges from $0 to $1 each, reflecting a 0% to 100% chance of what traders think might happen.

When captured by the USVenezuelan President Nicolás Madurolast month, an anonymous trader on Polymarket – another prediction market – made more than $400,000 after betting that Maduro would soon be out of office,raising suspicions of potential insider tradingdue to the timing of the bets and the narrow activity of the trader.

This story was originally featured on Fortune.com



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