> She went on: "If you ask our millions of traders, they would emphatically tell you that an exchange model is significantly healthier than a sportsbook model: our profits aren't tied to trader losses, so we don't have the same predatory incentives."
Really wish the author had pushed back more on this. They have different predatory incentives, benefitting from encouraging people to make a large number of slightly stupid bets rather than a smaller number of very stupid ones. I would love to hear Kalshi explain what non-predatory value the 15 minute crypto markets have.
Really wish the author had pushed back more on this. They have different predatory incentives, benefitting from encouraging people to make a large number of slightly stupid bets rather than a smaller number of very stupid ones. I would love to hear Kalshi explain what non-predatory value the 15 minute crypto markets have.