Kalshi confirms Giannis Antetokounmpo's equity stake is under 1% as deal closes on NBA trade deadline

Milwaukee Bucks star Giannis Antetokounmpo disclosed on Friday that he acquired a sub-1% equity stake in CFTC-regulated prediction market Kalshi through his company Ante Inc., after signing the agreement on Thursday, the NBA trade deadline. A 1% stake would be worth $110 million at Kalshi's latest $11 billion valuation, but the firm has not revealed the exact size of his holding, which has drawn criticism over potential conflicts of interest. The partnership coincided with Kalshi's high-volume markets on Antetokounmpo's trade destination and came as the platform faced fresh legal setbacks, including a Massachusetts court order targeting its sports contracts.