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EXCLUSIVE: Kalshi retail bettors have lost more than $100 million on parlays this year.
Feature story here: sportico.com/business/sport…
Dan Bernstein
7,564 posts
- This is the top post on Kalshi's own subreddit
AXIS RESEARCH: 90% of Americans want access to prediction markets in their current form. Strong majorities also oppose casino regulator overreach, and distinguish sports prediction markets from sports betting. news.kalshi.com/p/nationwide-p… - Let's talk about J.D. Davis. Dude is spectacular at the plate.
- Polymarket is introducing a parlay incentive program in which users who propose a parlay idea that gets $1 million in trading volume receives $300 from the company
- For some people, video games take on greater purpose than simply being a side hobby. That's why making them accessible to people with disabilities is so important.
- When Kalshi CEO Tarek Mansour tried to convince people on Reddit last fall that his platform wasn't gambling, he was downvoted off stage.
- A University of Texas regents official tells me the board confirmed raises for three football assistants in a closed-door vote this morning. This comes after UT schools froze academic merit-based raises last month.
- There's been widespread condemnation of the WNBA for not nationally televising Sun vs Sparks in Boston. The problem? It was a rights holder decision, not a move from the league, which offered the game to ESPN and NBA TV before the season. For Sportico: sportico.com/business/media…
- Life update: I’ve accepted a full-time job with @sportingnews covering national MLB stories and writing enterprise pieces. I’m really excited for this opportunity and have a lot of cool things planned for this season and beyond.
- In the past three years, the Dodgers have watched the Astros, Red Sox and Nationals celebrate on their field.
- BIG NEWS: The CFTC has, I believe for the first time in many months, acknowledged sports prediction market contracts in a new staff advisory note. And it acknowledges that in some states, operators may have to go offline.
- First modified Antonio Brown jersey sighting at the Coliseum 👀
- Kalshi CEO Tarek Mansour to Bloomberg: "The percentage of people who lose on Kalshi is closer to 50/50, that's just not the case in a traditional sportsbook." (@ucddublin research says "factoring in Kalshi’s fees, the average return across all contracts is minus 22%.")
