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Parlay Bets Saddle Gamblers With $294 Million Losses on Kalshi

Retail bettors are piling into long-shot multi-leg bets on prediction-market platforms, opening up a lucrative opportunity for sophisticated traders taking the other side.

This article was originally published by Bloomberg Markets and is republished here under license.

Retail bettors are piling into long-shot multi-leg bets on prediction-market platforms, opening up a lucrative opportunity for sophisticated traders taking the other side.

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