Trading
Prediction market longshots: low prices, costly odds
Bloomberg reports losses on longshot wagers at Kalshi and Polymarket. A low contract price can hide poor value, while the prospect of a large payout can encourage loss-chasing.
Tag
Longshot betting
Trading
Prediction market longshots: small prices, costly bets
A cheap longshot contract can still be overpriced. Reported trading figures from Kalshi show how popular these wagers have become, while small stakes can obscure mounting losses.