Will NBA competitor raise >$3b in 2025?

On January 16, it was reported that Maverick Carter is seeking $5 billion to start a professional basketball league intended to compete with the NBA. You can read more about it here: https://sg.news.yahoo.com/investors-seek-5-billion-to-form-basketball-league-to-rival-nba-051441296.html This market will resolve to "Yes" if a US-based professional basketball league or organization seeking to directly compete with the NBA raises more than $3 billion USD in funding by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No". For the purposes of this market, minor leagues, regional leagues, or leagues that explicitly act as feeder leagues to the NBA will not qualify as competitors. The primary resolution source will be official announcements from a qualifying organization, however a consensus of credible reporting will also be used.