"In the weeks following the NBA's 2026 trade deadline, markets speculating on Antetokounmpo's potential next team generated more than $23 million in trading volume. Silver downplayed the significance of the player's involvement. "The case of Giannis [Antetokounmpo], from what I understand, it's a minuscule investment, much smaller than 1%," Silver said, adding that "that does not violate the rules that have been collectively bargained with the Players Association.""
"Antetokounmpo finalized the investment one day after the trade deadline and later disclosed it publicly. Around that same time, Kalshi users were actively trading contracts tied to where he might land, even as he publicly suggested he was not focused on a move. He ultimately remained in Milwaukee, but the activity stirred debate about optics and possible conflicts. Silver indicated the situation fits into a much larger conversation about betting and event-based trading, amid an NBA gambling scandal that had wide-reaching consequences."
NBA leadership is keeping a close watch on rapidly evolving prediction markets and treating them similarly to traditional sports betting. Giannis Antetokounmpo finalized a small investment in Kalshi one day after the 2026 trade deadline and later disclosed the stake publicly. Markets tied to his potential next team saw more than $23 million in trading volume, and Kalshi users traded contracts about his possible destination. The investment was characterized as much smaller than 1% and not a violation of collectively bargained rules. The situation is being placed in the broader context of legalized betting and recent league gambling issues.
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