More than half of all "long shot" bets on Polymarket pay off

Kalshi, Polymarket’s major rival, has heavily promoted its own efforts, including a partnership with market surveillance company Solidus Labs, as it seeks to distance itself from Polymarket and emphasize its credentials as the largest regulated platform in the US. Kalshi bans what it calls “violent markets, including war and kidnapping”—although it does allow markets on the closure of the Strait of Hormuz—saying that markets should “not incentivize harm,” while it also requires proof of …