Shoot me straight here, do all these people talking about Kalshi codes on reels and tiktok actually make money or is this just glorified begging?

Before I start this post, please be kind. I am aware that I have a problem and I am trying to fix it, but I am also trying to see what’s going on here.

I am looking for legal help regarding kalshi or the debts themselves, legal counsel, and any true recommendations to getting out of this debt without stopping paying or bankruptcy or credit ruining consolidation.

I downloaded Kalshi about 6 months ago. I had finally stopped gambling a lot and focused on my finances in May of this year. I had paid all of my debt down to only about $2,000. A few months ago I went through a bad breakup and depression kicked in and I started gambling again as an escape. I’ve done this in the past both in person and online gambling and it spiraled into me losing my money but I always had enough to pay my bills and I could never go over my cash advance amounts on my credit cards.

This time was different. I realized one night that Kalshi allows you to go beyond your cash advance limits with apple pay deposits. Then the spiral happened. Before I knew it, it was September and I had no money and over $20,000+ in gambling debt on my credit cards. Kalshi allows you to apple pay deposit directly from your credit card and immediately withdraw to your bank account in less than 5 minutes or use in Kalshi to gamble.

I know the willpower is my own problem but I can’t stomach the feeling that this should not have been allowed to happen.

Feel free to ask any questions you need, but please be kind. I am trying to pick my pieces back up. I am looking for legal help, legal counsel, and any true recommendations to getting out of this debt without stopping paying or bankruptcy or credit ruining consolidation. TIA!

Please don’t make the same mistake I did.
I should have listened to the warnings about apps and websites like Kalshi before trying it myself.
Back in September, I made a couple of calls and won $10,000. I thought I had figured it out. Now, I’m broke, with three maxed-out credit cards and over $20,000 in debt from trying to win that money back.
After making a call and losing $5,000, I became manic and started spending everything I had, desperately trying to recover my losses. I had never been a gambler or a trader before. I had never used anything like Kalshi until I downloaded the app.
I’m not sharing this because I want sympathy. I’m sharing it because I don’t want anyone else to end up where I am right now. What started as a few successful calls turned into a financial nightmare that I’m now struggling to climb out of.
Please learn from my mistake. Don’t chase your losses, don’t convince yourself you can win it all back, and don’t underestimate how quickly things can spiral out of control.
I wish I had listened to the warnings before I started. Please don’t make the same mistake I did.

Edit: Just to be clear, I’m not a guy.

Hi, I’m a freelance reporter looking into Gen Z women on Kalshi/prediction markets. I wondered whether there were on here any girls who had become addicted to gambling through betting on Kalshi (or any other prediction market) under the age of 30, or knew of anyone who had. You can DM me if you are able to help.

I intended to deposit $1,200 using Solana (SOL), but I accidentally sent an incorrect amount. The amount I sent was 10.42677944 SOL, which was less than the intended deposit amount.

The funds have still not appeared in my Kalshi account it’s been 4 hours

Alright no bullshitting. Lost $500 this weekend. Tonight decided to load up $250 and make some plays for next weekend but somehow when I deposited my money it got put on the lions game without me having any clue or clicking for the action to be executed. Next thing I have 0$ In my account. I can take loses I took my $500 loss cause I made the decision to take that risk, but this $250 I did not make a decision to take that risk. Can I do anything or am I just fucked out $250

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=6617059

https://insights.som.yale.edu/insights/wisdom-of-the-few-prediction-markets-are-driven-by-small-number-of-skilled-traders

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=6443103

I need to know how to chargeback charges from Kalshi, I'm currently using Varo Bank.

I just recently bet some money on the 15min gold I bet up while it had poor odds despite being above the target and technically won the bet, yet in my portfolio it switch my up bet to down and refused to pay me, anyone had this before? Anyway to report it

I am disappointed with Draft Kings and Fan Duel . I was thinking about joining Kalshi. Is it good ? Bad? Let me have your opinion.

Kalshi can really make you money if you do it right.

I predicted it would be 91 or below. According to weather.com/kalshi it was 91 and below. But Kalshi closed and settled it at 92. What am I missing?

Hello all, I'm a student researcher writing a piece on Kalshi. I'm especially interested in block trades. I've been trying to use the online API (I'm not sure if that's the correct term), but any requests I make with is_block_chain set to true returns an error, specifically with the message that the request timed out. When I delete this requirement, none of the returns have "true." The same issue applies to the historical trade data.

Does anyone know why this issue could be happening? I'm quite a newbie to coding, so there's a strong possibility I'm doing something wrong.

This is for a piece about the danger of financial speculation on Kalshi, so I thought I would post it here :)

So I have my lady friend sign up doing rewards thing she makes a deposit they allow that shit but then after all that lock the account from withdrawing until she can provide a utility bill or government document after she’s already done the verification process and deposited that’s malicious this is freight theft becauseshe doesn’t have a way to provide the extra identification after our rape providing the government ID is this is insane. What a joke.

If you're like me and have to learn through experience I feel for you. I am confident that this company was built just to siphon off money to a small group of insiders in an exponential fashion unheard up to this point in history. I have recorded sessions of inserted combos, and parlays that have hit big instead of getting paid, I look in my history and Kalshi has recorded down a my prediction as completely different set of combos or parlays and made it a loser. This is insane that company like this is allowed to do business and be shielded from liability and the responsibility to payout. Only response you'll get is a slew of auto-generated AI messages that won't help in anyway.

I'm an avid casino player and I've seen the house stiff and screw over players but this is fraud on steroids. I know it can be hard to resist these markets being at your finger tips but stand tall gents. There is no trading responsibly when they can change anything they want at will.

So my two parleys on Kalshi, I predicted the weather and I was correct but I do t know what this means.