Kalshi Users Lost Nearly $600 Million Betting Against Pro Traders: Report
The think tank says retail traders faced a disadvantage against professional bettors, while Kalshi says the report misclassifies trades and misstates losses.
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Kalshi is sparring with a think tank about users losing millions betting against pro traders on the platform
Bloomberg/Getty ImagesThe Roosevelt Institute published a report that said ordinary Kalshi users have lost almost $600 million.The think tank said regular people are unknowingly up against pro traders and big firms.Kalshi told Business Insider that the study "rests on a methodological error."A New York City-based think tank says regular people betting on the prediction market Kalshi have lost almost $600 million as they unknowingly go up against…
Kalshi users lost nearly $600 million when shorting professional traders: report - THE LOCAL REPORT ARTICLES
one New report from the Roosevelt InstituteThe New York-based think tank claims that ordinary people using the prediction market Kalshi have lost nearly $600 million since the platform was launched in 2018. According to the report, average users lost approximately $583.5 million betting on different real-world events through Kalshi. A new report claims that Kalshi […] The post Kalshi users lost nearly $600 million when shorting professional trad…
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