milwaukee bucks star giannis antetokounmpo Has become a shareholder in Kalshi, a leading 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 for me to form my own,” Antetokounmpo posted. social media. “Today, I am joining Kalshi as a shareholder.”
Kalshi said Antetokounmpo is the first basketball star to join the company as a shareholder. The partnership includes help with live events and marketing.
“Giannis is a legend,” Kalshi CEO Tarek Mansour said in a release. “He is exactly the type of long-term partner we want to align our growing brand with, and we couldn’t be more pleased to have him on board.”
Antetokounmpo was the subject of widespread rumors ahead of Thursday’s NBA trade deadline. But the Bucks decided to retain the two-time MVP, who hasn’t played since straining his right calf on Jan. 23.
In the days before the deadline, Kalushi made several posts on
According to Calashi’s release, Antetokounmpo will be banned from trading in NBA-related markets. Messages were left Friday seeking more information from Kalshi and comment from the NBA.
“I love Kalshi Markets and have been checking them out often recently,” Antetokounmpo said in the company’s release. “I love winning. It’s clear to me that Kalshi is going to be a winner and I’m excited to be a part of it.”
Antetokounmpo, 31, is also part of baseball’s ownership group milwaukee brewers and Major League Soccer Nashville SC.
Prediction markets provide an opportunity to trade or bet on the outcome of future events. They rose to prominence in politics, but generally in a series of yes or no questions involving everything from the weather to the Oscar for Best Picture.
Markets include event contracts, in which prices are linked to what traders are willing to pay, which theoretically indicate the estimated probability of an event occurring. The buy-in for each contract ranges from zero to $1, which represents a 0% to 100% probability of occurrence according to traders.
When the US impeached Venezuelan President Nicolas Maduro last month, an unidentified trader on Polymarket, another prediction market, made more than $400,000 after betting that Maduro would soon be voted out of office, raising suspicions of possible insider trading due to the timing of the bets and the narrow activity of the trader.
