I'm not quite getting it yet. "Biden approval rating" https://kalshi.com/events/538APPROVE-22NOV23/markets/538APPROVE-22NOV23-B42.1 https://kalshi.com/events/5

I'm not quite getting it yet. "Biden approval rating" https://kalshi.com/events/538APPROVE-22NOV23/markets/538APPROVE-22NOV23-B42.1 https://kalshi.com/events/538APPROVE-22NOV23/markets/538APPR... How is that comparable to an insurance and not just simple betting?