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 · Bloomberg Markets
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.