LeBron James Polymarket contract, explained: What to know about 76ers star's controversial deal with prediction market

Key points

• LeBron James has announced an endorsement deal with Polymarket, a leading prediction market, while beginning his first season with the Philadelphia 76ers. The partnership has drawn scrutiny because many people link prediction markets to sports gambling.
• James will focus on football rather than basketball, according to Polymarket. He is reportedly receiving $15 million a year from the deal, far more than his two-season contract with the 76ers, which is worth $8 million in total.
• The NBA has no rule against such partnerships, unlike the NFL and PGA Tour.