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A high-stakes betting controversy is unfolding after $47 million was reportedly wagered on Kalshi over who would perform at the Super Bowl halftime show — with speculation surrounding Cardi B.
While Cardi B did appear during the halftime show, she was seen dancing in the background rather than delivering a billed performance. Kalshi, the federally regulated prediction market platform, has since stated that simply appearing or dancing in the background does not qualify as an official halftime performance under the terms of the contract.
That interpretation hasn’t sat well with some bettors. A complaint has now been filed with the Commodity Futures Trading Commission (CFTC), challenging how the outcome was resolved and questioning whether the market rules were applied fairly.
With millions of dollars on the line, the dispute has sparked broader conversations about how prediction markets define participation — and how clearly those rules are communicated when celebrity appearances blur the lines between cameo and performance.
As regulators review the complaint, the situation highlights the growing intersection of sports, entertainment, and financial speculation in the modern era.
Pedro Pascal, Karol G and Cardi B onstage during the #SuperBowlLX Halftime Show by #BadBunny pic.twitter.com/gMtFGjgahR
— Variety (@Variety) February 9, 2026
