"Due to ambiguity over whether or not Cardi B's attendance at the 2026 Super Bowl halftime show constituted a qualifying 'performance', Kalshi is invoking Rule 6.3(c) to settle this market to the last traded price before trading was paused,"
"Those prices are $0.26 for Yes holders and $0.74 for No holders. Conversely, per Kalshi's full rules, celebrities that danced in the background during the halftime show but did not visibly sing or play an instrument did not 'perform' for purposes of the contract."
Kalshi invoked Rule 6.3(c) to partially settle a Super Bowl LX market about whether Cardi B performed, citing ambiguity over whether mere dancing constitutes a qualifying 'performance.' The platform set the settlement to the last traded prices: $0.26 for Yes holders and $0.74 for No holders. Polymarket separately settled in favor of those who bet that Cardi B appeared. The partial settlement prompted widespread user outrage on social media and at least one formal complaint filed with the Commodity Futures Trading Commission. The CFTC may review the complaint and could open an investigation or impose penalties depending on findings.
Read at ReadWrite
Unable to calculate read time
Collection
[
|
...
]