The post Kalshi suffered major glitches during college football trading appeared on BitcoinEthereumNews.com.

Nearly half of Kalshi’s traders were locked out of their accounts during a college football trading surge on Saturday, as widespread glitches and delays crippled the platform. Users trying to place bets saw their orders stuck mid-process, and balances simply vanished from view. According to CNBC for almost 20 minutes, the website showed nothing but a spinning green “K”, leaving frustrated users stranded without knowing if their wagers had gone through. One of them shared screen recordings with CNBC showing frozen Kalshi dashboards and blank bet slips. In a message sent directly to users, the platform reportedly admitted: “The Exchange is experiencing temporary delays. Balances and positions may not be accurately reflected at this time.” Kalshi followed up with an apology, saying it was “looking into” the issue that had traders unable to process orders or view their open positions. The company later said the problem had been fixed, though many users on X called it “the longest twenty minutes in Kalshi’s history.” Kalshi denies outage as traders flood social media After the chaos, Kalshi released a statement downplaying the scale of the disruption. “Earlier today, Kalshi experienced minor glitches that temporarily affected some user experiences. No exchange outage occurred, no funds were affected, and the issues are now resolved,” the company said. A spokesperson insisted that the exchange never stopped working properly, emphasizing there was no impact on clearing or institutional trading. “There were some glitches and delays on our web and app product, which affected less than half of our user base,” the spokesperson added. Still, screenshots and video clips showed otherwise. Some users couldn’t access balances, while others said their bets were either delayed or never executed. Now just a week ago, Kalshi had announced a $300 million Series D funding round, pushing its valuation to $5…

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Filed under: News - @ October 19, 2025 6:16 am