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▲ ToValueFunfetti 3 hours ago

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]).

▲monknomo an hour ago | parent | next [-]

these fees are a bog standard casino rake, a vig. this is just fancy window dressing on a bookie.

▲excannuk 2 hours ago | parent | prev [-]

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