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Tag: nba
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NBA’s Giannis Antetokounmpo Invests Up To $110M Into Kalshi
Giannis Antetokounmpo, the Milwaukee Bucks star and former NBA MVP, announced that he’s an investor in the online gambling platform Kalshi. Kalshi, the leading U.S. prediction market by volume, is valued at more than $10 billion, but some warn the sector faces risks of overvaluation amid legal uncertainty. NBA Commissioner Adam Silver said two weeks…
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Canadian Sportsbook PointsBet Could Close Over NBA Bets
Canadian gambling regulators are threatening to shut down an online sportsbook, accusing it of failing to prevent and report suspicious NBA bets. The Alcohol and Gaming Commission of Ontario announced that it plans to suspend PointsBet Canada’s online gambling registration for five days. The regulator charges PointsBet with failing to monitor, detect, document, and report…
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NBA’s James Harden Partners With MyPrize Gambling Site
NBA star James Harden has signed on as a “premier creator” for the online gambling brand MyPrize, according to an announcement. The company offers U.S.-facing “social” and “sweepstakes” gambling products. It also has an international online casino registered in the offshore gambling hub of Curaçao. MyPrize is also seeking involvement in “prediction-market” gambling through a…
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Kalshi NBA Finals Billboard Ad Raises Problem Gambling Concerns
A recent Kalshi NBA advertisment has led to questions about responsible gambling. The platform Kalshi is involved in legal disputes with at least seven states over its federally-regulated event contracts. But that hasn’t stopped the wagering platform from going all in. In recent months, Kalshi launched so-called sports event contracts, where bettors can wager on sports…
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