The spike in longshot betting coincides with a recent surge in parlay trades and reflects a broader trend across the prediction market sector. Some observers suggest that traders are increasingly attempting to get ahead of shifting event probabilities by taking on higher-risk positions.
Tuesday, October 20, 2026
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Kalshi Longshot Betting Exceeds 65% of Trading Volume
Business12 days ago
Low-probability wagers have become the dominant force in trading activity on the Kalshi prediction market. Volume for contracts with less than a 10% probability of occurring now accounts for more than 65% of all platform activity, up from roughly 50% recorded since the start of 2025.
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