Analysis: Kalshi Parlay Prediction Users Have Accumulated Losses Exceeding $1 Billion Since Feature Launch

According to InGame analysis, since the launch of the Parlay prediction feature in September 2025, Kalshi users have accumulated losses exceeding $1 billion. Of this, net prediction losses amounted to approximately $609 million, with an additional approximately $400 million paid in fees, and cumulative prediction volume of approximately $7.1 billion. (The Block)