Kalshi and Polymarket

[megarain]

Haven't heard of Kalshi before.

Followed Polymarket for ages. I should have invested when I had the chance, but such is life. Shayne has done a good job there.

It was easy apparently to invest.

They were looking for capital/brand ambassadors, and Phil Helmuth (poker player) was asked to invest $15k for some shares/a job as brand ambassador. He did his due diligence, asked a dozen people what they thought, and everyone said swerve.

That investment would now be worth $80m .. oops

https://www.pokernews.com/news/2025/03/ ... -48255.htm

[megarain]

“You can’t offer real generosity on these exchanges, because you’re sat in the middle,” Jackson said. “And consumers love generosity.
“And it is very difficult to find liquidity in all the different permutations you can have within the parlay product, and it’s more difficult if you have to put up capital behind every bet.”

Unlike DraftKings, Flutter has already announced its plans to get involved in prediction markets, via a partnership with CFTC-registered commodities giant CME. In a podcast episode released last week, CME CEO Terry Duffy revealed that the new product — named FanDuel Markets — will include markets on the price of indices like the S&P 500 or the price of gold that settle after an hour. The offering will not include sports, at least for now

[LeTiss]

Not heard of Kalshi. I've looked at Polymarket before and thought it looked full of very strange random markets......like will Peter Webb shag Amanda Holden before the end of 2026.

[megarain]

Draft kings down to GBP32.45 from almost GBP50.00 a month ago.

Flutter $242 from $290 a month ago.

I feel the drop is overdone and have bought DK.

I could never buy Flutter

dk share price.jpg

This chart was from 10 days ago, when I was discussing gambling sector shares with a few notables.
At the time DK was $37 and modestly undervalued.

This is not financial advice. Thou I am a winning financial trader.

viewtopic.php?p=349151#p349151

[Euler]

Haven't heard of Kalshi before.

Followed Polymarket for ages. I should have invested when I had the chance, but such is life. Shayne has done a good job there.

It was easy apparently to invest.

They were looking for capital/brand ambassadors, and Phil Helmuth (poker player) was asked to invest $15k for some shares/a job as brand ambassador. He did his due diligence, asked a dozen people what they thought, and everyone said swerve.

That investment would now be worth $80m .. oops

https://www.pokernews.com/news/2025/03/ ... -48255.htm

I had a conversation with Shane right at the start, but it's impossible to know at that very early stage if there is any potential and of course, there are so many people with the same pitches.

You can only every scatter lots around and hope you catch a bit one. But of course, you need a lot of risk captial to do that.