[afavour]

> A college degree is no longer a guaranteed path to a stable, well paying job. Building wealth through real estate is no longer viable.

...and winning a life's fortune via gambling is even less viable. I agree with what you're saying about the lack of guaranteed paths to prosperity but turning to gambling is not a logical outcome stemming from it. There is no logic in gambling at all. It is purely a vice that preys on people's weaknesses.

[PhilipRoman]

If you're already losing and losses are capped past some point (worst case just kill yourself), high stakes gambling is quite logical. Of course in reality, gamblers are rarely driven by game-theoretical analysis.

[afavour]

I think we're trying really hard to rationalize a fundamentally irrational behavior here. The vast majority of people betting on Kalshi are not thinking "well, worst case I'll just kill myself".