Post #11622

Giannis Antetokounmpo has stake of over $100M in Kalshi Milwaukee Bucks star Giannis Antetokounmpo announced Friday that he has become a shareholder in Kalshi, the CFTC-regulated prediction market platform, through his company Ante Inc. The deal was signed on Thursday, the day of the NBA trade deadline, and that Antetokounmpo’s stake falls below 1% of the company; at Kalshi’s $11B latest valuation, a 1% stake is worth over $100M. The company did not disclose the exact size of the stake, or how far it falls below the 1% threshold. Kalshi was running event contracts on Antetokounmpo’s own trade destination earlier that week, garnering over $23M in volume. Kalshi said under the platform’s rules, Antetokounmpo is prohibited from trading on NBA markets and any markets involving him personally. 🔗theblock.co/post/388940/kalshi-says-nba-star-giannis-antetokounmpos-stake-is-below-1-controversial-deal-was-signed-thursday @TOP7ICO