Kalshi claims to have found “significant flaws” in the Roosevelt Institute’s recent analysis of prediction markets, saying they “invalidate” the think tank’s findings and “paint a concerning picture about the creep of the casino lobby’s influence on policy. ”
On 7 July, progressive US think tank the Roosevelt Institute published the first of a four-part series endeavoring to explore the dynamics and social impact of prediction markets.
It claimed that “ordinary users of [Kalshi] have lost more than half a billion dollars from its launch in July 2021 to May 2026. ” However, in a long rebuttal on 10 July, Kalshi argued that the report’s findings hang on “a hilariously wrong methodology error.
