Prediction market Kalshi miscalculates outcome of Western Michigan and Michigan game

The prediction market Kalshi experienced technical instability following the conclusion of the Western Michigan-Michigan game. Kalshi incorrectly labeled Western Michigan as the winner before correcting the status to reflect the accurate game result. This error necessitated a process of reversing payouts for users who had been paid based on the incorrect outcome while issuing funds to the rightful winners. The platform managed $18.6 million in total volume regarding this specific matchup. Reports indicate the error highlights the necessity for increased caution in event reporting for prediction platforms. Both Kalshi and similar entities like Polymarket are expected to face scrutiny regarding the timing of their outcome settlements for future sporting events.

• 10:00 PMYahoo Sports — Western Michigan-Michigan outcome created chaos for Kalshi