Coinbase blames Kalshi for Michigan market error and protects payouts customers
Coinbase says Kalshi caused a mistaken prediction-market settlement tied to Michigan’s wild 13-12 win over Western Michigan. The crypto company… Continue reading Coinbase blames Kalshi for Michigan market error and protects payouts customers The post Coinbase blames Kalshi for Michigan market error and protects payouts customers appeared first on ReadWrite .
Coinbase is blaming Kalshi for an error in a prediction market related to Michigan's close football game against Western Michigan. The mistake led to incorrect payouts for winning customers. However, Coinbase stated they will compensate affected customers for the full amount they should have received and will allow those who received money due to the initial incorrect result to keep it.
Coinbase's statement differs from Kalshi's approach, which involved reversing payouts made when Western Michigan was initially considered the winner.
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