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Kalshi Posts Record March Madness Prediction Market Volume Amid NCAA Pushback

The platform said more than $800 million was traded during the tournament’s opening weekend, while offering a $1 billion payout for a perfect bracket.

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Terms & Concepts
  • Prediction market: A trading market where participants buy and sell contracts tied to the outcome of future events.
  • March Madness: The annual NCAA college basketball tournament in the United States that attracts heavy betting and trading activity.
  • Perfect bracket: A correctly predicted tournament bracket, an extremely rare outcome in knockout basketball competitions.