- May 21, 2026
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Last night's chaotic outcome to the Western Michigan-Michigan game created true chaos for the prediction markets, which have learned a valuable lesson once taught by Yogi Berra.
It ain't over 'til it's over.
Via Marshall Cohen of CNN, Kalshi confirmed that it prematurely, and incorrectly, treated the game as a Western Michigan win. Kalshi later flipped the outcome, taking back money from the winners, reimbursing the losers, and then making the accurate payouts.
In all, Kalshi had $18.6 million in volume on the game.
Hopefully, Kalshi and Polymarket will be a little more patient the next time something like this happens. Otherwise, it'll be déjà vu all over again.
It ain't over 'til it's over.
Via Marshall Cohen of CNN, Kalshi confirmed that it prematurely, and incorrectly, treated the game as a Western Michigan win. Kalshi later flipped the outcome, taking back money from the winners, reimbursing the losers, and then making the accurate payouts.
In all, Kalshi had $18.6 million in volume on the game.
Hopefully, Kalshi and Polymarket will be a little more patient the next time something like this happens. Otherwise, it'll be déjà vu all over again.