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[–] 0 points 21 hours ago* (1 child)

Well, it's the aggregated opinion of people who use the site. Kalshi doesn't set the price; people making the bets set the price based on the odds others are willing to accept.

There's a sampling bias for sure, but since the odds given for this bet are based on how much people are willing to pay for that bet, this gives a very good approximation for how people actually feel about something.

It actually ends up being more reliable than most opinion polls in that way.

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  • [–] 1 point 17 hours ago

    Besides the fact they nobody knows what is being done behind the scenes to ensure results are (or aren't) fair, using a sample of individuals that are all attempting to play the system against each other deeply and irreparably biases the data.

    On top of that, jokes like the one I responded to and comments like yours only serve to legitimize a "service" thats sole purpose is to squeeze every penny from its users. It doesn't provide anything beneficial to anyone but its owners.

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