Giannis Antetokounmpo of the Milwaukee Bucks introduced Friday that he has joined prediction market Kalshi as a shareholder, making him the primary NBA participant to take a position immediately within the firm.
“The web is filled with opinions. I made a decision it was time to make a few of my very own,” mentioned the two-time NBA MVP in a social media put up. “At this time, I’m becoming a member of Kalshi as a shareholder. All of us on Kalshi now.”
The announcement has not gone over properly on social media. On Reddit, for instance, one consumer described it as “actually a battle of curiosity,” whereas one other described Kalshi as “cancerous” and yet one more puzzled, “is that this even allowed.”
In response to The Athletic, the NBA’s latest collective bargaining settlement permits gamers to promote and take stakes of as much as 1% in sports activities betting corporations, so long as they’re not selling league-related wagers.
Kalshi mentioned it’s going to companion with Antetokounmpo on advertising and marketing and dwell occasions — and in accordance with the corporate’s “strict phrases of service that ban insider buying and selling and market manipulation,” he is not going to be allowed to commerce on markets associated to the NBA.
