Exclusive: A soccer team bet against itself. This is the (good) future of prediction markets.
8d 19h ago by feddit.online/u/CombatWombat in football@sopuli.xyz from www.semafor.com
Platforms like Kalshi and Polymarket are beginning to outgrow their YOLO beginnings and could one day underpin big parts of traditional finance.
Isn't this extremely illegal? Also, per the result, this would be Osasuna.
Legality varies, but it almost always results in a lifetime ban from the sport in question.
I... what?
So they turned to Kalshi, placing a multimillion-dollar bet against itself, in case the game didn’t break its way. In the end, the club squeaked by, losing its final game of the season by a narrow enough margin, 1-0, to keep its place in the top tier of La Liga.