points by ToValueFunfetti 5 days ago | 0 comments
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 5 days ago
these fees are a bog standard casino rake, a vig. this is just fancy window dressing on a bookie.
[–] cowlevel 4 days ago