| ▲ | freecodeio 3 hours ago | |||||||||||||
the equivalency is both go bankrupt if people win as much as the house wants you to think they win | ||||||||||||||
| ▲ | ToValueFunfetti 3 hours ago | parent [-] | |||||||||||||
Prediction markets' business model is taking transaction fees from contracts between independent counterparties. Kalshi won't go bankrupt no matter how much you make there (though 'people' collectively will make negative [fees + taxes]). | ||||||||||||||
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