Prediction market economics: Kalshi parlay losses
Kalshi parlay buyers have lost over $1B since launch while market makers earned about $520M, raising questions about repeat-bettor selection.
What we know
InGame's analysis shows the losses. An account on X says persistent account IDs let makers decide whom to quote. Meanwhile Kaleo argues money flow is the best election signal.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.