On Kalshi and Polymarket, World Cup Final Drives Bets Into the Billions

kept by eddie jul 19

The World Cup final drove prediction‑market activity on Kalshi and Polymarket to record levels, generating billions in bets and possibly the largest gambling event ever.

Those World Cup Tourists Loving American Food? They’re Not All What They Seem.
Some viral stories about World Cup tourists marveling at American food customs are fabricated or exaggerated for engagement, not reflecting real fan experiences.
also on FIFA World Cup
Prediction markets are ushering in a world in which news becomes about gambling
Prediction markets like Polymarket incentivize manipulation and gambling on news events, risking public trust by merging information with financial speculation.
also on Kalshi, Polymarket, #finance
Why Almost Everyone Loses—Except a Few Sharks—on Prediction Markets - WSJ
A WSJ analysis finds a small number of algorithmic traders capture most winnings on Polymarket and Kalshi, while typical users lose money.
also on Kalshi, Polymarket