Caitlin Ostroff
speaker
397 appearances
3 recordings
2 series
first heard Feb 2026
last heard 6 Jul
Caitlin Ostroff’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 3 in all, peaking in Jul 2026 with 2.
Appearances
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Well, and that's one of a previous story that Catherine and I worked on together, basically analyzed just that how many people actually win on prediction markets.
And what we found was that, you know, about 70% of people who had traded on PolyMarket lost money immediately.
And losers to winners on Kalshi was about 2.9 to 1.
And so while a lot of the marketing is centered around these are prediction markets where you can win money, in reality, most people do not win money.
Right.
And we've previously reported that, you know, the wording for pretty much all of these prediction markets really matters.
And so there's, you know, been a lot of people who've reached out to us as journalists and said, you know, I put money on this market understanding that this is how it was structured.
And then the resolution was wrong.
entirely unexpected, or I don't think that it was a proper resolution.
And so, especially for some of these markets where it's not really a finite outcome, or the rules might be written in a way where there's potential for different interpretation, there really is a risk of the market not going how people who are betting understand it might.
Or maybe people can't even see the rules.
The rules are difficult to access in the first place.
That was the case of somebody we profiled for our last story who wagered everything he had earned so far on prediction markets and ended up losing it all and is now living in a homeless shelter.
So Kelshi fairly recently did add some language related to gambling addiction on its homepage.
It gave people the option to exclude themselves from the website, which is another common feature that many gambling apps have.
Self-exclusion is if somebody feels that they have a gambling problem, they can ask to be banned from the website, from the gambling app, from the casino.
It's sort of, you know, it's not really a nuclear option, but it's a tool that people who are managing a gambling addiction can use if they feel like their gambling has gotten out of hand.
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