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59 Kalshi Claims 'Extortion,' Then Recants in Feud Over User Losses

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msmash @ Slashdot 3 place · today 07:30 EDT

Kalshi Claims 'Extortion,' Then Recants in Feud Over User Losses

Kalshi, the largest U.S. prediction market, accused a small data startup called Juice Reel of "extortion" after a stock analyst used the company's transaction-level data to argue that prediction market users lose money faster than gamblers on traditional betting apps -- then walked the allegation back hours later.

The equity research analyst Jordan Bender at Citizens found that the bottom quarter of prediction market users lost about 28 cents of every dollar wagered in their first three months, compared t

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