"Kalshi said that some transfers on its prediction markets app are delayed because of the high volume of traffic during the Super Bowl. "Some deposits are delayed because of the amount of traffic and deposits we're getting," Kalshi cofounder Luana Lopes Lara wrote on X on Sunday evening. "Your money is safe and on the way, it will just take longer to land." On X, some Kalshi users said that they felt relieved to receive an explanation for why their deposits did not go through."
"Others demanded a refund, saying they saw no point in placing bets if the money didn't arrive until halftime. The company saw a significant spike in platform volume on Sunday. In an X post, Kalshi said it saw over $325 million in volume less than an hour before the championship game started. Kalshi, founded in 2018, lets users bet on the outcome of events such as elections, sports matches, and economic indicators."
Some transfers on Kalshi's prediction markets app were delayed because of unusually high traffic during the Super Bowl. Kalshi cofounder Luana Lopes Lara posted that deposits are delayed and that users' money is safe and on the way, though transfers may take longer. Some users felt relieved by the explanation, while others demanded refunds because funds might arrive only by halftime. The platform recorded more than $325 million in volume less than an hour before kickoff. Kalshi, founded in 2018, enables bets on elections, sports, economic indicators, commercials, and halftime song choices. Kalshi and rival Polymarket have seen a broad surge in interest.
Read at Business Insider
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