Bitcoin News
By Maheen Hernandez
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FanDuel Still Wins on Moneyline Pricing. FanDuel's moneyline vigorish came in at 4.08% for Week 1. Kalshi was at 4.14%, DraftKings at 4.31%.
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Record Volume, but Is the Threat to Sportsbooks Real?. None of that stopped Kalshi from posting back-to-back daily trading records over the weekend.
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What the Fee Structure Actually Means for Bettors. Here's the practical reality: Kalshi's pricing looks good on totals, shaky on moneylines, and…
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Kalshi is cheaper than DraftKings on NFL over/under bets. But FanDuel still wins on moneylines — and that gap matters more than it looks.
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Jordan Bender and Isabelle Slavin at Citizens JMP Securities ran the numbers on pre-game pricing for NFL Week 1, stacking Kalshi against FanDuel and DraftKings across bet types.
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The exchange also structures its fees differently from traditional sportsbooks. Rather than baking a margin into the price directly, Kalshi charges a transaction fee — averaging 1.
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Combo bets make it worse. Kalshi's vigorish on parlays hit 23.8%, compared to 22.0% for both FanDuel and DraftKings.
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More context: CLARITY Act Hits Senate Wall as 18 State AGs Demand Rejection
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None of that stopped Kalshi from posting back-to-back daily trading records over the weekend. Volumes hit $2.426 billion one day, then $2.433 billion the next.
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Citizens JMP isn't panicking about what any of this means for DraftKings or MGM — both of which the firm rates favorably.
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The American Gaming Association has flagged concerns about prediction markets and their potential drag on NFL betting volumes for regulated operators.
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Still, the competitive picture is shifting. Kalshi's over/under pricing is genuinely attractive. The exchange's full-season implied vigorish last year was 4.
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See also: UK House of Lords Demands Comprehensive National Digital-Assets Strategy for Treasury
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Here's the practical reality: Kalshi's pricing looks good on totals, shaky on moneylines, and expensive on parlays once fees are counted. The 1.
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And the combo market-making fee — introduced in August, not yet published — adds another layer of uncertainty. Kalshi set consecutive daily volume records at $2.426 billion and $2.
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