Gamblers Face Significant Losses on Kalshi Prediction Market

Retail bettors engaging in multi-leg bets on prediction-market platforms like Kalshi have incurred substantial losses, totaling $294 million.

28 Jul, 11:30 — 28 Jul, 11:30

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bloombergHigh1d ago

Parlay Bets Saddle Gamblers With $294 Million Losses on Kalshi

Retail bettors are piling into long-shot multi-leg bets on prediction-market platforms, opening up a lucrative opportunity for sophisticated traders taking the other side.

By Justina Lee and Carolyn Silverman

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Gamblers Face Significant Losses on Kalshi Prediction Market

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Parlay Bets Saddle Gamblers With $294 Million Losses on Kalshi

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