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by ghufran_syed 1301 days ago
How is a non-profit trade-size limited prediction market in any way a competitor for Kalshi?

And predictit will have its day in court [1] where both sides will actually need to present evidence, unlike on an internet forum

[1] https://www.globenewswire.com/en/news-release/2022/10/06/253...
1 comments
thecoppinger 1301 days ago
> How is a non-profit trade-size limited prediction market in any way a competitor for Kalshi?

Because it was one of the longest running and largest prediction markets to ever exist.

> trade-size limited

Kalshi is trade-size limited, too.

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mbrubeck 1300 days ago
Specifically, PredictIt limits positions to $850, while Kalshi limits them to $25,000.

Which is definitely a significant difference, but still seems too small for cases like tmansour’s motivating example (“providing institutions with exposure to, or a hedge against, Brexit”). Though I guess it depends; if you bet $25,000 on a 99:1 long shot, then your position could be worth $2.5 million if it pays off.

(PredictIt also limits each market to 5000 participants, while as far as I can tell Kalshi has no such limit.)

link