Ever since the prediction market operator Kalshi started offering betting odds on poker, the world’s largest tournament seemed ripe for a lucrative future.
In the past five months, Kalshi has gone past $1 billion in monthly trading volume, paired up with GGPoker Global Ambassador and seven-time WSOP bracelet winner Daniel Negreanu, and now they’ve partnered with The Lodge Card Club.
Is this week’s prediction market on whether there will be 10,000 entrants in the WSOP Main Event an innocent move to offer betting value to poker fans and players, or the first move in a series of changes to the way live poker and sportsbetting merge into one and the same business model?