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