Basketball.fun Eyes Base, Marketplace Launches as NBA Star Tristan Thompson Departs

In brief

Basketball.fun is offering refunds to digital pack buyers who don’t want to wait for the platform’s marketplace to go live next month.
NBA veteran Tristan Thompson has stepped back from his advisory role, the athlete and project leads confirmed to Decrypt.
So far, Basketball.fun said it has received refund requests totaling less than $2,000 worth of pack sales for “shares” in NBA athletes.

Basketball.fun is processing refunds for those who aren’t willing to wait until the NBA-focused crypto project’s marketplace goes live—a move aimed at managing users’ expectations after former Cleveland Cavaliers player Tristan Thompson stopped promoting the project. Since Basketball.fun began allowing users to purchase packs of digital player cards in January, the professional basketball player has moved on from his role as an advisor, according to a statement shared with Decrypt. “I’m proud to have helped support the vision in its early days,” Thompson said. “As the platform continues to develop, the team at Improbable is taking the lead on the project and I’ve stepped back from any active involvement.” Developed alongside Improbable, the team behind layer-1 network Somnia, Basketball.fun is billed as a way for people to speculate on the performance of NBA players when it debuted in October. It’s a riff on fantasy basketball, with a crypto twist—and no official league license. <div class="relative w-full"> <blockquote class="twitter-tweet mx-auto"> Over the past two weeks, our team has been head down working on a big update we were getting ready to share with our community. This morning we woke up to see quite a bit of feedback, and some surprising “amplification” from <a href="https://twitter.com/AdamFDF_?ref_src=twsrc%5Etfw" data-wpel-link="internal" target="_blank" rel="noopener">@AdamFDF_</a> founder of <a href="https://twitter.com/sportfun?ref_src=twsrc%5Etfw" data-wpel-link="internal" target="_blank" rel="noopener">@sportfun</a> (an indirect… — Basketball.fun (@bsktballdotfun) <a href="https://twitter.com/bsktballdotfun/status/2029978739396968798?ref_src=twsrc%5Etfw" data-wpel-link="internal" target="_blank" rel="noopener">March 6, 2026</a> </blockquote> </div> Basketball.fun users can gain access to “shares” in athletes that are meant to fluctuate in value game-to-game, but as of yet, they haven’t gained the ability to sell or trade those assets. The project is continuing to build in that direction, while also working on its own version of a prediction market, Basketball.fun co-founder and CEO Hadi Teherany told Decrypt. On Friday, a pseudonymous X account named Bando <a href="http://x.com/bandosei/status/2029848431523402226?s=20" target="_blank" rel="nofollow external noopener" class="sc-adb616fe-0 bJsyml">accused</a> Basketball.fun of being a “rug pull.” They argued that a lack of updates from the project suggested developers were in the process of abandoning it following a period of influencer-induced hype. That’s not the case, Teherany said. “The culture of somebody putting money into pack sales and having to wait two months isn’t unheard of,” Teherany said. “Obviously, we wanted to be respectful of that when it became an issue.” Teherany estimated that Basketball.fun has received 24 refund requests so far, totaling under $2,000 worth of pack sales. The company is also offering a “10% boost” on users’ current purchases, if they wait until the project’s planned trading debut at the start of the NBA playoffs in April. <iframe style="border:0" src="https://myriad.markets/embed/market/will-okc-thunder-repeat-as-nba-champions" width="100%" height="415px">

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Teherany, who grew up in Toronto, said he became…

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Basketball.fun Eyes Base, Marketplace Launches as NBA Star Tristan Thompson Departs

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