40 People Took 1% Odds on Kalshi on a Rare Oscars Tie for Live Action Short Film

On Kalshi, the biggest upset of Oscar night came in the short film category, where a tie was given a 1% of chance of paying off.

But then “The Singers” and “Two People Exchanging Saliva” shared in the live action short film award, marking just the seventh tie in Oscars history.

About 40 people did buy the “tie” contract in that category, with an average trade of $59 — for a total volume of $2,365. Anyone who had that contract saw their investment pay off 100-to-1. And anyone who bought contracts for any of the actual nominees lost out.

“A tie was unlikely, but some people did trade on it,” said a Kalshi spokesperson. “It was an option on Kalshi’s Live Action Short Film market. We also made sure people knew our rules by featuring them prominently above the market.”

Polymarket handled the issue of ties differently. According to the market rules, in the case of a tie,…