Neil Mehta

And according to the market's rules, a mention only counted if it was actually broadcast on TV.

Peterson ended up losing all of his money.

When we last spoke with him, he was living in a homeless shelter in Detroit.

We also spoke to some of the winners on Calci and Polymarket.

And among them are these very large firms that have full-time staff members and can pay millions of dollars for specialty data to make algorithmic trades up to tens of thousands of times every single day.

In fact, it's these highest frequency traders, those in the top tenth of a percent of frequency, where users are most likely to make a profit.

One of these traders is Michael Boss.

who used to be a pro poker player and has a statistics background.

He places 60 trades every single minute and changes his orders up to 30 times a second.

Polymarket declined to comment on our analysis.

A spokeswoman for Kalshi said that there are many financial markets that have similar patterns of wealth concentration and that on Kalshi you're more likely to end up profitable than if you were day trading on public markets or betting on a sports betting site.

Kalshi also said that they don't run the ad about paying your rent anymore.

Can you start with that story? Yeah. My parents moved here in the 70s. My grandparents are both from India. Both sets of my grandparents are from India. I was particularly close to my dad's side, my grandfather in particular. My dad was busy, traveled a decent amount. He and my mom would tell you that my grandfather raised me just as much as they did, especially when I was young.

Can you start with that story? Yeah. My parents moved here in the 70s. My grandparents are both from India. Both sets of my grandparents are from India. I was particularly close to my dad's side, my grandfather in particular. My dad was busy, traveled a decent amount. He and my mom would tell you that my grandfather raised me just as much as they did, especially when I was young.

My dad was hardworking. He's my best friend. He's an amazing influence in my life. He's still considered my best friend. My grandfather was the opposite of my dad. He was very calm. He meditated for an hour plus every day. The culture I grew up in is Jain, which is a subset of the various Indian cultures or Indian religions.

My dad was hardworking. He's my best friend. He's an amazing influence in my life. He's still considered my best friend. My grandfather was the opposite of my dad. He was very calm. He meditated for an hour plus every day. The culture I grew up in is Jain, which is a subset of the various Indian cultures or Indian religions.

Jainism, a little bit like Buddhism, has a lot of tenets around meditation. He's the most peaceful, calm guy. And so when I was growing up, I just knew him to be this very calm, straightforward, deep equanimity guy. And it was only when I was eight or nine years old, I learned that he owned a gun shop, which was sort of counterintuitive to the guy he was.

Jainism, a little bit like Buddhism, has a lot of tenets around meditation. He's the most peaceful, calm guy. And so when I was growing up, I just knew him to be this very calm, straightforward, deep equanimity guy. And it was only when I was eight or nine years old, I learned that he owned a gun shop, which was sort of counterintuitive to the guy he was.

And we would go back to India, to Bombay, Mumbai every year, at least once a year, sometimes even twice a year. And when we got there, his house was tiny. It was one or two bedrooms, a kitchen, and then literally just a hole in the ground for the toilet. It was a pretty rundown piece of property, dirt everywhere, very little flooring.

And we would go back to India, to Bombay, Mumbai every year, at least once a year, sometimes even twice a year. And when we got there, his house was tiny. It was one or two bedrooms, a kitchen, and then literally just a hole in the ground for the toilet. It was a pretty rundown piece of property, dirt everywhere, very little flooring.