Bobby Allyn

So there's like sports betting folks who are getting in on it.

And then you find people because here's the thing.

I mean, I talk to these traders all the time.

Most of them are young.

Most of them are male.

Most of them are chronically online.

And some of them even, you know, first got interested in trading assets and the financialization of everything through things like Roblox.

Like one trader told me he got really good.

Yeah, this one guy told me he got really good at trading digital assets in Roblox.

And then he saw an ad for Kalshi and now it's his favorite thing.

And he has hundreds of thousands of dollars in his Kalshi portfolio.

So people are coming from all over the place.

But look, I want to caution here because it's not that every single person who uses one of these apps instantly becomes super rich.

I mean, the most common experience is losing money.

Yeah, yeah, yeah.

Again, it really depends.

And because both of these companies are private and don't exactly release profits and losses platform-wide, it's hard to have a complete sense.

But outside analyses that have been done of Polymarket and Kalashie do show that most people –

are losing money.

I mean, that's just the way it is.