Who will be the controlling owner of the Las Vegas Pro Basketball expansion franchise?
SportsOne-OffCorporate ActionsBasketball1y
KalshiCheck availabilityKYC requiredVerified resolution dataWell calibratedData quality warningNot meaningfully priced
Data as of Oct 1, 2026, 10:00 AM UTC · policy pm-quality-4
Current implied probability
Bill Foley and/or Jerry Colangelo 48%Leader of 3 outcomes
Bill Foley and/or Jerry Colangelo 48%Market quality
31 / 100
Low quality24h Volume
—
Open interest
—
Open interest unknownSpread
7.0 pt
Wide spreadMarket data
Updated 8 minutes ago
Sep 30, 26, 3:45 PM UTCJan 1, 28, 4:59 AM UTC
Trends
Venue terms
Source: Kalshi
Informational venue terms only; CoinRithm paper trading uses its own rules.
- Early close:
- Yes
- Settlement timer:
- 30m (informational)
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Related questions for context, not a comparison of equivalent contracts.
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KalshiRules
If Bill Foley and/or Jerry Colangelo successfully completes the purchase of the Las Vegas NBA expansion franchise after Issuance and before January 1, 2028, the market resolves to Yes.
Settles via:the Governing LeagueSports Business JournalThe Wall Street JournalAssociated PressThe New York TimesReutersESPNThe AthleticBloomberg News
- Note: Joint bids could produce multiple Yes outcomes for the purposes of this market. The buyer must be the controlling owner in completed legal ownership documents, receive formal league approval, complete the financial transaction as primary purchaser, and assume operational control and final decision-making authority. Selection as winning or preferred bidder, an agreement in principle, or a minority investment without operational control is insufficient. The filed rules for ownership groups, lead investors, managing partners, merged bids, and controlled holding companies apply. If no listed buyer completes acquisition before the deadline, all listed buyer markets resolve No. Each buyer is evaluated independently; the contract does not guarantee exactly one Yes across all possible ownership changes. Kalshi is not affiliated, associated, authorized, endorsed by, or in any way officially connected with the Governing League. All trademarks, logos, and brand names are the property of their respective owners.
Rules for each outcome
- Bill Foley and/or Jerry Colangelo
- If Bill Foley and/or Jerry Colangelo successfully completes the purchase of the Las Vegas NBA expansion franchise after Issuance and before January 1, 2028, the market resolves to Yes.
- Nancy Walton Laurie and/or Bill Laurie
- If Nancy Walton Laurie and/or Bill Laurie successfully completes the purchase of the Las Vegas NBA expansion franchise after Issuance and before January 1, 2028, the market resolves to Yes.
- Steve Apostolopoulos and/or Marc Lasry
- If Steve Apostolopoulos and/or Marc Lasry successfully completes the purchase of the Las Vegas NBA expansion franchise after Issuance and before January 1, 2028, the market resolves to Yes.
