The Bucks star has become a shareholder in one of the world\u2019s largest prediction markets. It only ushers the NBA further into the fetid swamp of sports betting<\/p>\n
Couldn\u2019t he have just started a podcast? \u201cThe Internet is full of opinions. I decided it was time to make some of my own,\u201d Giannis Antetokounmpo, one of the four best basketball players in the world, posted in a statement<\/a> announcing that he was joining the prediction market Kalshi as a shareholder. \u201cWe all on Kalshi now.\u201d<\/p>\n We are not, but doesn\u2019t the tone sum it up? The universe\u2019s ineffable forces have clearly decided that the ubiquity of sports betting companies is insufficient. There must be new companies, with which you can bet on any <\/em>outcome \u2013 Kalshi competitor Polymarket has hosted markets tied to geopolitical outcomes, including scenarios related to Israel and Gaza, for instance \u2013 that incentivize people to treat life\u2019s most important avenues as trivially as a sports game. Kalshi and Polymarket are prediction platforms<\/a> rather than traditional betting companies. Users effectively bet (or \u201ctrade\u201d) against others on the platform about the outcome of events, from familiar wagers such as the result of a sporting event, to the obscure, such as the color of a politician\u2019s suit at an election appearance. Kalshi has enjoyed plenty of freedom under the second Donald Trump administration, and Donald Trump Jr is a \u201cstrategic advisor\u201d for them<\/a> and Polymarket<\/a>. A Kalshi outcome taking bets<\/a> until recently was \u201cGiannis Antetokounmpo\u2019s next team?\u201d as rumors swirled that the two-time NBA MVP was about to leave the Milwaukee Bucks. Antetokounmpo will be involved in marketing and publicity for Kalshi, and is forbidden from trading on markets related to the NBA. The move is also in step with the NBA\u2019s rules \u2013 players are allowed to endorse betting companies as long as they don\u2019t gamble on the league itself. But that hasn\u2019t prevented scores of fans across Instagram<\/a> and Reddit<\/a>, and media members on Twitter<\/a>, from expressing their displeasure at the move and insisting there is a conflict of interest.<\/p>\n Continue reading…<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The Bucks star has become a shareholder in one of the world\u2019s largest prediction markets. It only ushers the NBA further into the fetid swamp of sports betting Couldn\u2019t he have just started a podcast? \u201cThe Internet is full of opinions. I decided it was time to make some of my own,\u201d Giannis Antetokounmpo, one … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_hide_featured_image":false,"_jetpack_featured_image_duplicate_dismissed":0,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-65731","post","type-post","status-publish","format-standard","hentry","category-blog"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/65731","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/comments?post=65731"}],"version-history":[{"count":0,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/65731\/revisions"}],"wp:attachment":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/media?parent=65731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/categories?post=65731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/tags?post=65731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}