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Estimated Kalshi Parlay Losses and Fees Exceeded $1 Billion Since September 2025

The estimate includes about $609 million in net prediction losses and roughly $400 million in fees on about $7.1 billion in wagers.

Blank paper slips converge at a narrow metal slot / TokenPost.ai
Blank paper slips converge at a narrow metal slot / TokenPost.ai

Kalshi users’ combined net prediction losses and fees on parlays are estimated to have exceeded $1 billion since September 2025, alongside about $7.1 billion in wagers.

The estimate includes about $609 million in net prediction losses and roughly $400 million in fees.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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