I Championed Prediction Markets. Look What They've Become
Look What They’ve Become.Marking my prediction-market enthusiasm to market—with Catherine RampellPlatypus EconomicsJul 23, 2026146533ShareBefore you do business with anyone, you should ask why they want to do business with you. Last week handed me the world’s most absurd teaching example: A White House teleprompter operator was betting on Kalshi about what the president would say — words he was personally scrolling onto the screen. He cleared about $100,000, and honestly, I’m shocked he didn’t make more.
- ▪Look What They’ve Become.Marking my prediction-market enthusiasm to market—with Catherine RampellPlatypus EconomicsJul 23, 2026146533ShareBefore you do business with anyone, you should ask why they want to do business with you.
- ▪Last week handed me the world’s most absurd teaching example: A White House teleprompter operator was betting on Kalshi about what the president would say — words he was personally scrolling onto the screen.
- ▪He cleared about $100,000, and honestly, I’m shocked he didn’t make more.
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I Championed Prediction Markets. Look What They’ve Become.Marking my prediction-market enthusiasm to market—with Catherine RampellPlatypus EconomicsJul 23, 2026146533ShareBefore you do business with anyone, you should ask why they want to do business with you. Last week handed me the world’s most absurd teaching example: A White House teleprompter operator was betting on Kalshi about what the president would say — words he was personally scrolling onto the screen. He cleared about $100,000, and honestly, I’m shocked he didn’t make more. There’s an important lesson here: every market could have a metaphorical teleprompter guy on the other side of the trade. And once you understand that, markets can simply stop working.
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