LeBron James Next-Team Bets Draw $245 Million, With Kalshi Handling Over $200 Million
Updated
Updated · The Washington Post · Jul 23
LeBron James Next-Team Bets Draw $245 Million, With Kalshi Handling Over $200 Million
3 articles · Updated · The Washington Post · Jul 23
Summary
$245 million in prediction-market trading has piled into bets on LeBron James's next team, making it one of the busiest sports-related markets tied to his future.
Kalshi alone accounts for more than $200 million of that volume, even though the NBA has said this type of market should not exist.
The Miami Heat is the current favorite destination, followed by the Cleveland Cavaliers, Golden State Warriors and Philadelphia 76ers.
The surge shows how James's career moves still command outsized attention after two decades, turning offseason speculation into a major trading event.