Kalshi is upping the ante on its challenge to sportsbooks by offering same-game parlays with its prediction markets, confirmed ahead of a Monday Night Football doubleheader on Sept. 29.
The system allows Kalshi users to combine multiple contracts into one pick, and for other users to short parlays.
Key Takeaways
- Kalshi did not make an announcement confirming its new feature
- One user reported that they received odds more than 25% higher for a parlay at Kalshi than at DraftKings
- President Donald Trump’s pro-sports contracts CFTC appointee could be replaced
Kalshi did not release an announcement confirming the launch of its new groundbreaking product, which is the first rival to traditional parlays found at licensed sports betting platforms.
X user @Nostroah, who was the former Head of Operations at Kalshi, shared a look at the feature in a post that highlighted “the first fully customizable same game parlay system ever on prediction platforms.”
Breaking news! @Kalshi just revealed the first fully customizable same game parlay system ever on prediction markets. These NFL nights just got a lot better! pic.twitter.com/VNqbPghNII
— Noah 💥 (@Nostroah) September 29, 2025
Kalshi’s new feature is only available for customers stacking legs within the same game. In other words, they could purchase contracts for Patrick Mahomes to throw a touchdown and for the Kansas City Chiefs to beat the Jacksonville Jaguars, but they couldn’t parlay the Philadelphia Eagles to beat the Denver Broncos and the Los Angeles Rams to beat the San Francisco 49ers.
Prices for parlay legs were displayed in percentages. For example, ahead of Monday’s game between the New York Jets and Miami Dolphins, De’Von Achane was given a 53% chance to score. Percentages were combined to calculate parlay odds.
Kalshi did not show “limit orders,” or proposed parlay options for others to purchase. It also didn’t show a price history for different parlays, although it included the history for individual legs.
Does Kalshi have a leg up?
Prediction platforms have emerged as a competitor to sportsbooks for several reasons, including the user-friendliness of their prices.
X user @BunchuBets showed the difference between placing the same parlay at Kalshi and leading sportsbook DraftKings.
A three-leg parlay that included legs of Justin Fields to score a touchdown, the Jets to win, and more than 43.5 total points scored, translated to +1011 odds at Kalshi, but only +750 odds at DraftKings. That means that a winning $10 wager would pay about 25% more at Kalshi than at DraftKings.
As Kalshi and other prediction platforms continue to threaten the hold of traditional sportsbooks, its validity is under further scrutiny.
Sports betting operators argue that prediction platforms are unlicensed at the state level and should not be allowed to “mimic” sportsbooks by offering betting odds, while prediction platforms argue that they are federally regulated by the Commodities Futures Trading Commission (CFTC) and operate on a peer-to-peer system instead of setting house odds.
“Free markets are a great thing, I think we all agree, a driving force for economic prosperity,” Kalshi CEO Tarek Mansour said during a CFTC roundtable in Washington D.C.
The future of sports contracts
President Donald Trump’s CFTC appointee, Brian Quintenz, has taken a positive view of prediction platforms and their offering of sports contracts. However, his appointment has stalled due to critical viewpoints regarding cryptocurrency, leaving Trump to reconsider his selection.
With that looming, Kalshi has been locked in various legal battles at the state level. It scored a major victory by winning a temporary injunction against the New Jersey Division of Gaming Enforcement after it received a cease-and-desist order from the regulator, but then it was forced to pause operations in Maryland following a conflicting verdict from a federal judge.
The launch of parlay contract options is an indication that, unless it is told to stop, Kalshi plans to continue leaning into the sports scene.
