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Parlay Bets Saddle Gamblers With $294 Million Losses on Kalshi
Retail bettors are losing $294 million through long-shot multi-leg bets on prediction-market platforms like Kalshi, while sophisticated traders benefit from these wagers.
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- Prediction market Kalshi to give $2m to problem gambling group as it fights ‘gambling’ label
- Predictions market Kalshi in talks to raise funds at $40bn valuation
- Polymarket and Kalshi’s combined lifetime volumes hit $150 billion in April
- LA therapists are seeing more young patients with gambling problems. They blame Kalshi
- Why Almost Everyone Loses–Except a Few Sharks–On Prediction Markets