Kalshi’s Penny Parlay is the Worst Bet in America — and the Smallest Bettors are Buying it

If you are a fan of Kalshi penny parlays, you are likely throwing away money at a phenomenal rate, according to research by Gambling Insider. The longer the odds and the smaller the bet, the larger the relative loss. Trade-level data from Kalshi shows that losses on multi-leg bets scale almost perfectly with how long …