🙋 Polls

Have you ever used a prediction market like Kalshi or Polymarket?

Monday, Jan 26

Have you ever used a prediction market like Kalshi or Polymarket?

Yes, to place a bet (13%) – "Online betting is illegal in my state so I use Kalshi to occasionally place bets. I mostly stick to sports, but sometimes bet on political stuff too."

Yes, only to check real-time odds (24%) – "I don't gamble, but crowdsourcing speculation has provided some accurate insights."

  • "I checked Kalshi religiously when my college fired their head football coach to see the odds of his potential replacement. I could see how it'd be useful for other major events, too."

No (63%) – "I like to invest my money safely and watch it grow, but I'm not a gambler. Prediction markets are too volatile for my taste, and lack long-term upside like the S&P 500."

  • "There is a reason all the casinos in Las Vegas look so luxurious, fancy and elegant and it's not because they are making everyone betting rich... they're keeping a lot of it. Thanks... but no thanks."

"I think it's fascinating in a slightly creepy kind of way. And while it is interesting to see people's sentiments about the likelihood of something happening (I remember hearing a lot of people in prediction markets predicting Trump would win in 2024 even though traditional news outlets weren't giving him a good outcome), I hope people don't confuse it with the actual likelihood of something happening (we will never truly understand likelihood for complex global and cultural event outcomes). Though personally I think it an unwise habit, I don't see a reason to outlaw it, though I can see benefits of creating a few more rules/accountability structures to the industry. In answer to the question: NO, I do not 'wanna bet'!"

  • "The commodification of every aspect of life makes me weary beyond my years."

"I do not gamble on anything ever. It always takes money away from the people who bet on the other side, and I do not want to be a party to anyone's loss, even if they choose to lose money that way."

  • "The "prediction" market is the same as gambling, and I think there is going to be a big fallout with this. It's addictive, predatory, and ripe for exploitation."
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