I am investing $250 in Kalshi. If I am profitable in a month, this market resolves YES. Otherwise, resolves NO. If I have exactly $0 profit or stop investing by market close, resolves N/A.
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@Qoiuoiuoiu not revealing account, but will show screenshot. gotta ask my dad for the verification code, so i can get back to you in the next couple days once i remember to do this
@brod i am mostly taking small $10 longshots on political markets. I've been making 5ish bets per day since I started.
@realDonaldTrump okay this decreases my confidence a lot. NFA, but I think Kalshi does tend to overprice longshots quite considerably. I did some analysis of this for my thesis, here's Kalshi's calibration curve at 7, 14, and 30 days to expiry:



there is a consistent pattern where longshots are overpriced (price of $0.10 -> about 5% chance, price of $0.90 -> about 95%)
I get the appeal of betting longshots because they're high upside for small cost, but the problem is that everyone else thinks this way and the prices get pushed to high. as well, it's hard personally to be calibrated in the 0-20% range, so it's easy to think there's value when there isn't
if you're worried about the risk of betting 80% outcomes, you can mitigate it by taking as many independent bets as possible, so it becomes very unlikely you lose all of them
NFA DYOR etc
@brod I'm surprised no one has made a bot to bet in favor of every market and recalibrated the predictions
