The New York Times: NBA Lacks Clear Regulations for On-Chain Prediction Platforms, "Greek Freak" Becoming a Kalshi Shareholder May Fall into a Gray Area

Odaily News Due to on-chain prediction platforms being an emerging field, the NBA league currently has no explicit management rules, placing it in a gray area. NBA Commissioner Adam Silver faces a significant dilemma: whether it is a violation for star players to turn their own transfers into financial products. It is reported that "Greek Freak" Giannis Antetokounmpo specifically chose to announce his status as a shareholder in the sports prediction platform Kalshi Sports after the NBA trade deadline had passed. At this time, all betting markets are settled, avoiding direct compliance scrutiny during the trading period. It is reported that the betting volume on Kalshi regarding whether "Greek Freak" would leave his team before the deadline reached as high as $23.31 million. The Milwaukee Bucks announced just hours before the deadline that they would not trade "Greek Freak" this season. (The New York Times)