> "John Pederson outside the homeless shelter in Detroit where he has been living since losing money on Kalshi...Pederson lost $41,000 on a mention-market bet related to hip-hop artist A$AP Rocky in January"

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dvh 5 hours ago | parent [-]

> At first, it worked. Pederson turned about $2,000 into close to $8,000 by betting on daily snowfall totals in Detroit

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techdmn 5 hours ago | parent [-]

I'm not a gambler, but when I consider it I think the worst thing that could happen to me would be to win a substantial but not life-changing amount of money. I think that's where most people get hooked. They get lucky once (or a few times), then get completely sucked in trying to replicate that success.

	▲	skinfaxi 4 hours ago \| parent [-]
		That particular set of circumstances is the ruin of many a lottery winner.