Image via Markus Spiske
After seven grueling months, Indiana is set to take on Oklahoma City in the pro-basketball finals. Tipoff for Game 1 isn't until Thursday, but Kalshi users have already placed $55,461,154 in trades on this year's championship series.
Over the weekend, Indiana closed out the Eastern Conference championship over New York in six games, including a dramatic Game 1 that will go down as one of the greatest comebacks in playoff history. A total of $113,714,710 was traded, which resulted in some big wins...
Eastern Conference Finals
In the West, things weren't quite as dramatic, as Oklahoma City dominated Minnesota, clinching a spot in the finals after just five games. That said, it was still a very exciting series for OKC fans, and for Kalshi users (including the big winners shown below) who traded a combined $78,098,012 on the outcome.
Western Conference Finals
That said, while it's great to see big winners, don't forget that things can always go the other way. Just ask this trader who saw what he thought was easy money and risked $9,626 to win $97 and lost it all when Indiana came back in the final minutes of Game 1.
Yikes.
Remember, there's no such thing as a sure thing, so be cautious about picking up pennies in front of a steamroller. (NOT TRADING ADVICE! PICK UP WHATEVER YOU WANT! OR DON'T!)
👀 Key events this week
General
Tuesday
Wednesday
🏒 Pro-Hockey Finals - Game 1
📊 Fed Beige Book
Thursday
🏀 Pro-Basketball Finals - (Game 1)
⛳RBC Canadian Open(Thursday - Sunday)
Friday
Saturday
🥊UFC 316 (Markets TBD)
Sunday
Monday (June 9)
🔍 A Closer Look
6.2.25
The Pro-Hockey Finals are here, and it’s Florida facing off against Edmonton, a matchup that’s basically sunscreen versus snow tires. On one side, you’ve got Floridians who think “icing” is something you put on a cake, and on the other, Edmontonians who consider a -20° wind chill “light jacket weather.”
As the puck drops on Wednesday in Game 1, Florida fans are trading in their flip-flops for rally towels, while Edmonton fans are wondering if a certian cup-shaped trophy we aren't allowed to name will finally return to Canada, or if it’ll just end up sunbathing on South Beach. Meanwhile, Kalshi traders are glued to the action, sweating every overtime, empty-netter, and questionable high-sticking call like their portfolios depend on it (because, well, they do).
So grab your sunscreen or your parka—this is the kind of hockey drama that makes for legendary trades and even better group chats.
🟢 Related markets:
6.2.25
South Korea heads to the polls this week after President Yoon’s impeachment, and Kalshi traders are on high alert. With the nation divided and trust in government shaken, the Lee Jae-myung vs. Kim Moon-soo showdown is driving plenty of prediction market buzz about who will lead South Korea through this uncertain chapter.
🟢 Related markets:
6.2.25
It’s time for the Tony Awards, and Kalshi traders are more jazzed than a Broadway pit orchestra. Will an underdog musical pirouette into the spotlight, or will the favorites snag enough trophies to need a stage extension? Either way, expect more drama than a Shakespeare marathon.
🟢 Related markets:
🗞️ Kalshi in the news
"While bookmakers charge a vig on losing wagers, Kalshi makes its money from a transaction fee, similar to a broker, and has no stake in the result. Kalshi's transaction fees are typically cheaper than the vig at sportsbooks, something that attracts a sophisticated clientele..."
"The company now offers around 1,200 markets — up from about 300 last fall — and has plans to boost that five- to 10-fold this year, according to the founders."
"Robinhood’s strategy also contrasts its partner Kalshi, which owns the exchange underpinning Robinhood’s in-app event futures trading capabilities."
"The disrupters may benefit from a perception among their users that prediction markets, which make money regardless of whether users win or lose, are fairer for gamblers than traditional betting sites, where the wager is against the house with the odds stacked against the customer."
📣 Kalshi announcements
The Kalshi Breakfast at Manifest 2024
This Friday, the third-annual Manifest will kick off in Berkeley, California, and once again, Kalshi is proud to be a sponsor.
A brainchild of the smart and talented founders of Manifold Markets, the festival is like Woodstock for prediction market fans, if Woodstock had more nootropics, more SRIs, and fewer women.Guest speakers include Nate Silver, Michael Lewis, and Kalshi co-founder Luana Lopes Lara. And if this year is anything like the previous gatherings, it's sure to be an extremely fun time with a great group of people... except for that one presenter who wants to measure everyone's skulls. But you can just skip his talk.
If you are lucky enough to be attending, and you see Luana, be sure to tell her how much you love Shannon and Old Terry's newsletter, so she doesn't take away our children's health insurance.
🚀 Stay ahead of the news — trade real-world events at Kalshi.com.
Follow Shannon Magiera on X: @weathershanFollow Terry Oldreal on X: @realOldTerryFollow Kalshi on X: @Kalshi
The opinions and perspectives presented in this article belong solely to the author, who is using a pseudonym and cannot trade on Kalshi. This is not financial advice. Trading on Kalshi involves risk and may not be appropriate for all. Members risk losing their cost to enter any transaction, including fees. You should carefully consider whether trading on Kalshi is appropriate for you in light of your investment experience and financial resources. Any trading decisions you make are solely your responsibility and at your own risk. Information is provided for convenience only on an "AS IS" basis. Past performance is not necessarily indicative of future results. Kalshi is subject to U.S. regulatory oversight by the CFTC.