#nba news

NBA star Giannis Antetokounmpo has joined prediction market platform Kalshi as an investor, becoming the first active NBA player to take a direct ownership stake in the company. The company said Antetokounmpo will not be allowed to trade on any NBA-related markets to avoid conflicts of interest. Some users raised concerns about ethics and fairness, while others questioned whether NBA rules allow players to invest in prediction platforms. According to a report by The Athletic, the NBA’s current collective bargaining agreement allows players to own up to a 1% stake in sports betting or prediction companies. However, players are not allowed to promote or participate in wagers related to NBA games. Antetokounmpo, a two-time NBA Most Valuable Player, is known for investing in businesses outside basketball, including food, technology, and entertainment ventures. NBA China has partnered with Alibaba Cloud in a multi-year deal to enhance fan experiences using AI and cloud technology. The collaboration makes Alibaba Cloud the official cloud computing and AI Partner of NBA China. Read more in our articles including "NBA Star Giannis Antetokounmpo joins Kalshi as shareholder" and "NBA China, Alibaba Cloud partner to develop fan engagement solutions".