TLDR Tech / Fintech
Kalshi claims extortion, then recants in prediction markets gambling feud
A stock analyst report argued prediction-market users (including on Kalshi) were losing money faster than they do on mainstream gambling apps, a conclusion Kalshi called “flat-out wrong.” Kalshi then alleged the data startup behind the analysis was trying to “extort” the company, before later walking that back and saying it no longer believed extortion was the intent after reviewing more information.
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