How Kalshi and Polymarket prediction market traders make money : NPR
NPR • • general
Key Points:
- Logan Sudeith, a former financial risk analyst, now spends about 100 hours a week trading on prediction markets Kalshi and Polymarket, earning up to $100,000 monthly and having left his $75,000-a-year job to trade full-time.
- Prediction markets like Kalshi and Polymarket allow users to place bets on real-world events, ranging from politics to pop culture, with millions of traders participating daily; mainstream media outlets such as CNN and CNBC have integrated these markets into their coverage.
- Kalshi claims it operates without a traditional "house" by using market makers who compete rather than act as a monopoly, but several federal lawsuits challenge this, alleging Kalshi effectively acts like a casino by betting against its users
