Kalshi is sparring with a think tank over claims users lose millions betting against pro traders on the platform
Bloomberg/Getty Images The 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 pro traders. Kalshi on Friday hit back at claims made by the Roosevelt Institute, which recently published the first part of a study on how regular Kalshi users have fared since the prediction site was launched in 2018. According to study's co-author, Brad Lipton, retail traders have lost $583.5 million in that time. Kalshi disputes the group's findings. "There is no 'house' on Kalshi, hidden or otherwise," the company wrote in a response , referring to the title of the think tank's report, "The...
