3 ms·

They also place their own bets within their own market. They don't just make money on trading fees.

• loeg 5mo ago
  Kalshi does not trade against its users.
  • dymk 5mo ago
    That's their PR department talking. https://straighttothepoint.substack.com/p/you-cant-have-it-both-ways https://straighttothepoint.substack.com/p/you-cant-have-it-b... https://www.sportico.com/business/sports-betting/2025/kalshi-trading-exchange-peer-house-1234870465/ https://www.sportico.com/business/sports-betting/2025/kalshi...
  • tantalor 5mo ago
    Kalshi definitely does this They just don't make any money off it.
• nojito 5mo ago
  A different entity provides liquidity. There’s no house like in sportsbooks.
  • jeltz 5mo ago
    And there is no house in pool betting, poker or backgammon either. We still count all of them including betting exchanges (what has now been rebranded as prediction markets) are still normally regulated as gambling.
    • nojito 5mo ago
      Not in the US.
      • tsimionescu 5mo ago
        Is there any state that allows organized poker tournaments, but not gambling or sports betting?
• usefulcat 5mo ago
  Sounds like a glaringly obvious conflict of interest?
  • CyberDildonics 5mo ago
    Of course it is, people will do whatever they can get away with.
  • msandford 5mo ago
    Be careful, the market makers always win. If you go against them, you make yourself a target.