Fake posts of parlays placed on Kalshi have been posted with increasing frequency on X, indicating the site may soon allow such bets.
Kalshi CEO Tarek Mansour reposted an X screenshot of a parlay featuring five bets at Kalshi, despite it not being possible to place parlays on the site.
The parlay featured bets on various predictions in the world of business, including Delian Asparouhov to tweet about Bill Gurley at least 5 times this year and OpenAI to acquire Jon Ivey’s IO, which are shown with green ticks indicating the bets are successful.
The user who posted the fake betslip, Molly O’Shea, is the founder of the tech newsletter and podcast Sourcey. She also posted another fake parlay showing a $7 bet with potential returns of $23,333, although this was not reported by Mansour.
Other Fake Parlays Gaining Attention
Other fake parlays showing Kalshi bet slips have also been seen on social media. One user posted a 3-fold parlay on the Diddy trial, showing a payout of over $57,000 from a $124 stake.
The post has been tagged with a disclaimer indicating that, “You cannot parlay on kalshi. You are betting against other players for very specific, singular outcomes. This image has been altered across several farming engagement accounts to show various stake and winning amounts.”
Kalshi To Offer Parlays In The Future?
Mansour reposting one of the bet slips, which he must know to be fake, raises questions. Firstly, the CEO has previously stated the value in prediction markets lies in their ability to accurately portray reality.
He commented, “They are the quintessential truth machines.” It seems a strange move then to repost a bet slip that has clearly been edited, but still includes the company’s branding.
It could be paving the way for the site to introduce parlays, although the nature of the markets, where users balance the market by taking on other users’ bets, would make the logistics of parlays complicated.
Speaking in May, Mansour hinted that the site will look at expanding beyond the binary yes/no options on most markets currently offered. Asked whether the site would consider going beyond the yes/no options, the CEO answered, “The way I think about it, it’s not about the yes or no question[…] it’s underlying,”
“We’ll probably have some sort of new structures in Q3 and Q4 this year, and we’re going to go much more aggressively next year.”
Kalshi Growing Amid Legal Scrutiny
The site has been offering a growing number of sports betting markets this year, with users now able to bet on most big sporting events, including single match-winner markets.
The platform’s expansion has led to the company’s valuation rising to $2 billion in a recent Series C funding round.
The expansion has come despite strong opposition from states and regulators against the sports markets. Critics argue that the Commodity Futures Trading Commission (CFTC) does not provide enough oversight on the markets, which are largely self-certified.
In comparison, sportsbooks are held to stricter rules around advertising, promotions, acceptable betting markets, and the jurisdictions they can offer services.
A sportsbook CEO would be highly unlikely to report a fake bet slip with the company’s branding on it, but Kalshi is operating in a different sphere.
As Mansour noted, the site has ambitious plans for further expansion, and the appearance of these fake parlay bet slips may be a sign that parlays will soon be made available on the platform.
Adam is an experienced writer with years of experience in the gambling industry. He has worked as a content writer and editor for five years on sites such as Oddschecker, CoinTelegraph and Gambling Industry News, bringing excellent knowledge of the world of sports betting and online gambling. Adam focuses on emerging stories in the ever changing landscape of betting in the US. Read the latest on prediction markets, changing legislation, and sweepstakes.
