ANOTHER DAY, ANOTHER KALSHI THEFT
For those unaware,
@Kalshi prematurely settled Western Michigan as a win even though they ended up losing on the final play of the game. However, market makers continued to offer the NO side of combos with Western Michigan in an attempt to scam users into buying a known “losing” result. These combos cost MMs millions after Kalshi correctly re-settled the market to Western Michigan NO. A week later Kalshi decided to void all of those combos to bail out their institutional market makers. Except instead of voiding them they paid them out correctly and then issued "refunds" in -$1000 increments to people's accounts