Kurt retweeted
Over $1 BILLION lost by Kalshi combo buyers, according to InGame. Market makers have earned roughly $520 million after fees.
One detail deserves more scrutiny: persistent account IDs let market makers recognize repeat bettors and decide whether to quote them.
Kalshi says “we never limit customers for winning.”
What’s that worth if market makers can track your account and stop quoting you once they realize you’re not a fish?
You risk ending up with professional firms selling overpriced parlays to the customers who will be financially ruined by these products.
The prediction market industry calls this “price discovery.”
States call it gambling.
As someone who “gambled” for 20+ years, I can assure you it’s gambling. And a particularly insidious form when you obscure how predatory it is by rebranding parlays as “combos” and betting as “trading.”
These sites can and should do better.
Kalshi parlay takers have now lost more than $1 billion since the feature launched last year, after a huge surge in popularity this football season, an InGame analysis shows.
Since parlays first became available in September 2025, Kalshi’s total volume on multi-leg trades has been $165.6 billion. Taker stakes — the closest equivalent to sportsbook handle — are $7.1 billion, and takers have lost $1.004 billion.
Kurt retweeted
deployed my cash...
cheetoh boy getting his nuts cut off is good for the markets imo.
fading into darkness chud or... happy chud.... time will tell
Kurt retweeted
Pooblic Servise Annoncemint:
Awl Hallowws' Eev issa particularli activ periodd forr Wossum predashun
Iff u arr reddi too acceppt de lite ob de Matriarch's beatificc pestilens intoo ur hart, bi awl meens, goo trik orr treetinng
Butt iff u arr naught reddi, eet iss besst too taeke precaushuns
- Blok awl dors an windos wif sturdi timburr
- Blok awl chimnees an HVAC vennts (dis issa commonli oeverlukd entrie poinnt forr hungri Wossums)
- Offder a sacrifiece owtsied ur fronnt dor (inn lieue ob u an ur famalie beein de involuntarie sacrifiece)
- Moast importantli - doo naught venshure owt afterr darrk
Happi Awl Hallowws' Eev! Mei u an ur famalie survieve unntill de morrninng lite, an iff u doo naught, mei u finde salvashun inn de acct ob ur involuntarie sacrifiece
Hallowwd arr herr fanngs 🙏
