A friend told me about this company - Kalshi - that is trying to create an exchange outcome of events. For instance, given a topic "will the Joker win the oscar" people would buy "yes" or "no" options and their price would change frequently according to supply and demand. What do you guys think?
It sounds to me like Kalshi should watch their back for Jimmy the Greek enforcers. Kalshi sounds like a book operation. I fail to understand the drive to gamble. When you own a company, you own a productive asset. That asset will distribute wealth to all owners. Trading is a redistribution of wealth. It's a shell game. 70% of the wealth generated by listed companies has come from distributing corporate earnings.
I would bet my entire nest egg that more than 50% of Kalshi gamblers will lose money and then I would put those winnings on a bet that over 90% of Kalshi players will claim to have made a lot of money.
