logoalt Hacker News

ToValueFunfetti • today at 5:49 PM • 2 replies • view on HN

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]).


Replies

monknomo • today at 7:14 PM

these fees are a bog standard casino rake, a vig. this is just fancy window dressing on a bookie.

excannuk • today at 6:51 PM

[dead]