So they caught $4000 and $200. Sounds very much like sacrificial pieces.

“yes but see they don’t tolerate insider trading!”

That’s it? One from a social media post by the own person who did it, and another in a slim market and had tips come in?

So it basically comes down to:

1. Don brag about doing something, that I’m not quite sure is illegal but supposedly breaks kalshis terms of service (oh no)!

2. Instead of operating in a thin t̶r̶a̶d̶i̶n̶g̶, sorry, prediction market pool, stick with ones that enable more plausible deniability?

If anything there should be more regulation against prediction markets like Kalshi or even elimination.

But they ended up just being for gamblers and there is no more signal.

Also what is this 5x payment penalty? What mechanism do they have to enforce this?

Insider, market manipulation, or…?

sounds like a great cause

https://closingline.substack.com/p/the-takeaway-kalshi-non-s...

There seems to be no prosocial reason for this whatsoever.

Lol.

4 Stars. Go home and tell your mother you're brilliant.

Having private platforms be judge, jury, and executioner doesn't seem right. Existing regulations ought to cover this no?

By volume these markets only exist because of sports.