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NBA Fans Enraged After Giannis Antetokounmpo Takes Stake in Prediction Market Kalshi

The superstar remained in Milwaukee through the trade deadline.
Giannis Antetokounmpo remained with the Bucks through the trade deadline
Giannis Antetokounmpo remained with the Bucks through the trade deadline | Benny Sieu-Imagn Images

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Bucks forward Giannis Antetokounmpo caused quite a stir Friday when he announced he became a shareholder of prediction market Kalshi.

One day after the Milwaukee superstar officially remained in Milwaukee following the NBA’s Feb. 5 trade deadline, he took to his X account to announce, “we all on Kalshi now.” Kalshi, a web-based prediction betting platform, allows users to wager on future events like political outcomes, cultural events and sports—like Antetokounmpo’s rumored next team that didn’t come to fruition at the deadline.

“Everyone is online,” his post read. “The internet is full of opinions. I decided it was time to make some of my own. Today, I’m joining Kalshi as a shareholder.”

According to ESPN and the Associated Press, the partnership between Antetokounmpo and Kalshi includes help with live events and marketing. He will be forbidden from trading on markets related to the NBA according to the company’s release.

That didn’t stop NBA fans and personalities from making their feelings known about the partnership that comes right after the Bucks superstar was at the center of trade rumors throughout this year’s trade season.

The controversial partnership comes at a time where the NBA is weathering a storm brought on by legalized sports gambling. In April 2024, former Raptor Jontay Porter was banned from the NBA for violating league rules by disclosing confidential information to sports bettors and limiting his own participation in one or more games for betting purposes. Heat guard Terry Rozier was federally indicted in October as part of an investigation into a wide sports gambling scheme. The NBA placed Rozier on unpaid leave after the indictment, but arbitrators recently ruled he must be paid his full $26.6 million salary for this season.

Antetokounmpo didn’t do anything wrong by committing to the partnership, and Kalshi claims it has guardrails in place to avoid any conflicts of interest as fans ran wild with conspiracies when the questionable move was announced Friday.


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Blake Silverman
BLAKE SILVERMAN

Blake Silverman is a writer at Sports Illustrated, primarily covering the NBA and WNBA. Before joining SI in November 2024 as a breaking/trending news writer, he covered the WNBA, NBA, G League and college basketball for numerous sites, including Winsidr, SB Nation and A10Talk. He’s an alum of both Michigan State and St. Bonaventure University, receiving a master’s degree from the Bonnies’ sports journalism program. Outside of work, he’s a husband, father, yogi and fairly mediocre tennis player who’s open to any tips on how to play defense in EA Sports College Football.