"While most of the sports world is still figuring out how to navigate the prediction market boom, NBA star Giannis Antetokounmpo is going all-in. The Milwaukee Bucks player announced he's a shareholder in Kalshi in an X post on Friday. "The internet is full of opinions. I decided it was time to make some of my own," Antetokounmpo wrote. Kalshi said Antetokounmpo will partner with the company on marketing, live events, and other activities. Other shareholders include Sequoia Capital, Andreessen Horowitz, and Coinbase Ventures."
"Prediction markets are platforms where online users can buy and sell contracts based on the outcome of various events, including presidential elections, the weather, and even the political future of Venezuela's Nicolás Maduro. Kalshi and Polymarket have emerged as popular platforms among users, who can make or lose large sums of money on all kinds of events unavailable in traditional gambling venues. The markets can often serve as measures of public opinion."
Giannis Antetokounmpo joined Kalshi as a shareholder and will partner with the company on marketing, live events, and other activities. He announced the investment on X and said, “The internet is full of opinions. I decided it was time to make some of my own.” Kalshi counts investors such as Sequoia Capital, Andreessen Horowitz, and Coinbase Ventures. Prediction markets let users buy and sell contracts on event outcomes, including elections, weather, and political futures. Kalshi and Polymarket drew heavy user activity; a contract about whether Antetokounmpo would stay with the Bucks amassed over $23 million in trading volume. The NBA experienced an illegal sports betting scandal in 2025.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]