"Kalshi isn't a sportsbook, like a DraftKings or a BetMGM. It is a platform that allows individuals to buy and trade a prediction contract on a binary question -- will this happen, yes or no? What began as a way to "wager" on who would win an election or an Oscar has come for all segments of society, sports in particular."
"It also extends to off-court results -- awards, trades and so on. Outside of sports, it is a free-for-all, with everything from "will Timothée Chalamet and Kylie Jenner be engaged this year" (46.5% say yes) to whether or not the number of measles cases will surpass 10,000 (38% say yes). Because of the nature of some of the predictions, the results are open to easy manipulation that would be especially hard to detect."
NBA regular season often lacks consistent competitive intensity, with load management, tanking and gambling scandals increasing fan suspicion. Giannis Antetokounmpo took a small ownership stake in Kalshi, a prediction market platform that trades binary contracts on event outcomes rather than operating as a traditional sportsbook. Kalshi offers contracts on game results, individual player performances, awards, trades and varied off-court events. Some prediction questions create opportunities for manipulation that are especially hard to detect. Star athlete ownership stakes in such markets create potential conflicts of interest and risk further undermining public trust in professional sports.
Read at ESPN.com
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