Daniel Negrenu took to the Internet to announce that he’s now a brand ambassador for Kalshi, an online platform that allows people to make predictions on real-life events in politics, culture, as well as sports.

To celebrate the partnership, Negreanu is putting up $30,000 “out of (his) own pocket,” to send someone to the $25,000 World Series of Poker Super Main Event that is scheduled to take place in the Bahamas later this year. He made the announcement through his X page.

Negreanu will randomly choose one person from those who newly signed up to Kalshi using the promo code “dnegs.”

“I’ve been trading on Kalshi for months, and I absolutely love it,” he said.

Notice he said “trading,” and not “wagering” or “betting.” Although the platform looks and acts like a sportsbook, Kalshi insists its trades are legitimate financial derivatives. At least that’s what the site’s lawyers are telling the federal Commodity Futures Trading Commission (CFTC), as well as Massachusetts, who is suing the site, claiming it’s acting like a sportsbook.

Several states have also issued cease-and-desist letters to Kalshi to stop it from taking sports bets. CEO of the company, Tarek Mansour, compared the battles his site are fighting with Negreanu’s long and lustrous poker career when announcing the partnership.

“Kalshi’s fight for prediction markets has followed a similar path,” Mansour said in a press release. “We have failed and been rejected more times than I can remember, but we did not waver in our commitment to the vision: Expand the world of financial markets, no matter the cost, no matter the hardship.”

Right now, the site operates in all 50 states and is Federally regulated as a financial exchange. Although on first glance it looks like bets are being made and taken by the site, in actuality, its members are trading “contracts” with other members, and not with Kalshi.

That allows it to avoid being labelled as a sportsbook — for now.

Some of the things its members are “exchanging contracts” on this week are whether or not The View and Jimmy Kimmel Live! will be cancelled, some of the words that Trump will say during the Charlie Kirk memorial service, if the U.S. Government will shut down next month, if singer Cardi B will have a hit song this year, and even if the U.S. will confirm the existence of aliens.

Despite locking up arguably the biggest faces in poker, the site doesn’t offer any “contracts” on the game or its players.