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The Knicks' 29-Point Miracle Comeback Let Retail Kalshi Traders Take $22M Off Market Makers
Key takeaways
- The New York Knicks pulled off the largest comeback in NBA Finals history Wednesday, and retail traders on Kalshi turned that miracle into roughly $22 million, most of it taken off Susquehanna International Group.
- Market makers lost $22.4 million before fees on the game, while “takers,” mostly retail accounts, booked that $22.4 million in profit before fees and $20.6 million after.
- Susquehanna, believed to be the largest market maker on Kalshi, reportedly absorbed the bulk of it, in what a source called its worst sports day on record.
The Knicks' 29-Point Miracle Comeback Let Retail Kalshi Traders Take $22M Off Market Makers Daragh Thomas Sun, June 14, 2026 at 3:31 AM GMT+7 5 min read Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
The New York Knicks pulled off the largest comeback in NBA Finals history Wednesday, and retail traders on Kalshi turned that miracle into roughly $22 million, most of it taken off Susquehanna International Group.
Market makers lost $22.4 million before fees on the game, while “takers,” mostly retail accounts, booked that $22.4 million in profit before fees and $20.6 million after.
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