A series of posts publicly revealed the formal relationship between LeBron James and prediction platform Polymarket, according to ChainCatcher. The free agency decision by James had generated approximately $273 million in related contract volume across prediction platforms, surpassing any single basketball game, per Legal Sports Report. Front Office Sports data showed Kalshi handling about $226 million and Polymarket's international platform over $43 million. Most traders placed losing bets: before the official announcement, the 76ers' implied win probability was only about 9%, while the Heat's stood at 45%. James subsequently signed a two-year, $8 million contract with the 76ers, including a player option. Additionally, James had signed a multi-year talent ambassador deal with DraftKings in 2024. Some fans have criticized the partnership on social media.
LeBron James' Polymarket Relationship Exposed
A series of posts have publicly revealed the formal relationship between LeBron James and prediction platform Polymarket, ChainCatcher reported. Polymarket, James, and representatives of the Philadelphia 76ers did not immediately respond to The Block's requests for comment.
$273M in Contract Volume, Most Traders Wrong
James' free agency decision had generated approximately $273 million in related contract volume across prediction platforms. According to Legal Sports Report, this volume exceeded that of any single basketball game. Front Office Sports data showed Kalshi recording about $226 million in related volume, while Polymarket's international platform handled over $43 million.
Most traders were on the wrong side of the bet: before the official announcement, the 76ers' implied win probability was only about 9%, while the Miami Heat's stood at around 45%. James subsequently signed a two-year, $8 million contract with the 76ers, which includes a player option.
Previous DraftKings Deal Draws Fan Criticism
Additionally, James had signed a multi-year talent ambassador agreement with DraftKings in 2024. Some fans on social media have criticized the partnership with prediction platforms, expressing their displeasure in heated comments.
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