Kalshi launches Major League Baseball betting
Kalshi has launched single-game market bets for Major League Baseball, punters can now bet/trade on who will win every game on the MLB.
The CEO of Kalshi says the prediction markets exchange should not be treated as a gambling operation, in part because the U.S.-based company doesn’t make money from losing bets.
Kalshi last year won the right to offer election event contracts and is now quickly expanding its sports event contracts in all 50 states, including the 11 states where sports betting is still illegal. The move comes just two days after the platform launched betting on NBA playoff games. The first two games attracted about a million dollars in trading volume at Kalshi.
Kalshi has not yet launched single-game markets for hockey games in the NHL, which would be the next natural market to launch.