WHAT ARE KALSHI COMBOS?
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What Is a Kalshi Combo?
A combo is Kalshi’s way of letting traders bundle multiple Yes/No outcomes into one contract.
For sports bettors, this feels similar to a parlay.
But structurally and legally, it is not a parlay.
Kalshi does not market combos as parlays because:
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They are not gambling instruments
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They are not odds-based wagers
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They are regulated as financial contracts
You can fairly describe combos as:
“A way to express a multi-event prediction through a single tradable contract.”
How Combos Work
A combo settles at $1.00 only if all conditions are met.
If any condition fails → the combo settles at $0.00.
This is extremely intuitive for bettors.
Example Combo
Combo:
“Will Player A exceed 250 passing yards AND Team B win?”
Price: 0.37
Market-implied probability: 37%
If both legs happen → contract pays $1.00
If either fails → settles at $0.00
How Combos Differ From Parlays
|
Feature |
Sportsbook Parlay |
Kalshi Combo |
|
Underlying |
Odds-based bet |
Market-driven contract |
|
Pricing |
Bookmaker-set odds |
Trader-set prices |
|
Exit early? |
Limited |
Always |
|
Regulation |
Gaming |
CFTC financial regulation |
Why Bettors Should Care
Combos allow:
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Cleaner expression of multi-leg predictions
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Transparent probability
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The ability to sell mid-leg
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Market-driven efficiency
Combos introduce more strategic depth for bettors entering prediction markets.
This is a core topic in Prediction Market 101.
Continue Learning
Return to Prediction Market 101
Next Lesson: Prediction Markets vs Sportsbooks
Related Reading: Understanding Kalshi Pricing
