12 hours ago - Sports
Kalshi traders back LeBron return to Cleveland
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As Cavs fans await LeBron James' big offseason decision, the topic has become popular on prediction market Kalshi.
How it works: The site operates like a stock market. Bettors can buy and sell predicted outcomes for real-world events.
- Prices and chances change constantly as people trade outcomes based on new information.
State of play: The Golden State Warriors and Miami Heat were among the most popular choices on Kalshi right after James announced he'd be leaving the Los Angeles Lakers.
- Cleveland has become the popular choice over the past several weeks with the chance he joins the Cavs trading from 40-50%.
What we're watching: Rumors about James' next team are pouring in daily, while agent Rich Paul says there is no timeline for a decision.
- Meanwhile, James is living his best life, partying in Northeast Ohio and traveling to Jay-Z's concert in New York City last weekend.