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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.

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.