Between optics concerns during an era of heightened NBA gambling probes, James deal with the prediction market platform is drawing heat from around the league.
By Rashad Grove
LeBron James just inked a new deal with Polymarket that dwarfs his contract with the Philadelphia 76ers. But his partnership with the crypto-based prediction market is drawing scrutiny, as many argue that when an NBA superstar of James’ stature enters the speculative gambling space, the lines between sports endorsement and conflict of interest are blurred.
As reported by The Athletic, James’ Polymarket deal is worth $15 million a year, nearly five times more than his $3.9 million salary with the Sixers. But James is more than the superstar face of Polymarket: he was the market. Speculation over his summer free agency drove over $270 million to prediction platforms, with more than $45 million flowing through Polymarket alone.
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