{
  "id": 6130574,
  "title": "Kalshi reverses Michigan market payout after stunning last-second touchdown chaos erupts",
  "url": "https://urgent.news/2026/09/07/kalshi-reverses-michigan-market-payout-after-stunning-last-second",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-07T09:27:31.000Z",
  "source": {
    "name": "ReadWrite",
    "slug": "readwrite",
    "url": "https://readwrite.com/kalshi-reverses-michigan-market-payout/"
  },
  "original_language": "en",
  "account": "Kalshi had to reverse payouts on a college football market after incorrectly declaring Western Michigan the winner before the game's final moments had been decided. The heavily traded \"Western Michigan vs. Michigan\" market saw about $18.6 million in trading volume, according to reports. Kalshi initially paid contracts based on a Western Michigan victory, but later reversed those transactions and paid traders holding winning Michigan contracts. Kalshi confirmed the mistake and said they corrected the result to a Michigan win, reimbursing the initial losers and paying the rightful winners. Michigan ultimately won the game after a last-second Hail Mary touchdown by quarterback Bryce Underwood, after officials reviewed a questionable final play.",
  "summary": "Kalshi had to undo payouts on a college football prediction market after declaring Western Michigan the winner against Michigan before… Continue reading Kalshi reverses Michigan market payout after stunning last-second touchdown chaos erupts The post Kalshi reverses Michigan market payout after stunning last-second touchdown chaos erupts appeared first on ReadWrite .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}