Kalshi Confirms Giannis Antetokounmpo’s Stake Is Under 1%

Kalshi states NBA star Giannis Antetokounmpo holds under 1% equity, with the deal signed on February 5, coinciding with the NBA trade deadline.

Summary

Kalshi spokesperson confirmed Milwaukee Bucks star Giannis Antetokounmpo holds less than 1% in the CFTC-regulated prediction market platform. The agreement was signed on February 5, aligning with the NBA trade deadline. With Kalshi recently valued at $11 billion, a 1% stake would be worth $110 million, though exact terms of Antetokounmpo’s holding remain undisclosed.

Terms & Concepts
  • CFTC: The U.S. Commodity Futures Trading Commission, a federal regulator overseeing derivatives markets; some prediction markets and crypto products fall under its jurisdiction.
  • Prediction market: A platform allowing participants to trade contracts based on the outcomes of future events.