Sagar Enjeti
speaker
6,491 appearances
28 recordings
1 series
first heard Jan 2026
last heard 8 Jun
Sagar Enjeti’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 28 in all, peaking in Feb 2026 with 7.
Appearances
If you are gambling on these platforms, which is what they are, you're gonna lose.
Like the vast majority of the winner, the vast majority of the profits go to an extremely select small group of traders.
I was reading recently, in fact, one of my friends even told me like Susquehanna, one of those like very sophisticated trading desks, they have a sports desk now
specifically as sharp bettors to go in and to find like inefficiencies in various different lines to hammer them and to basically take your money.
So look, remember in Calshi, this is one of the most nefarious things about it.
One of the things that they say is that reason why they're better than DraftKings.
And this is a fair argument, so let's interrogate it a little bit, is that they don't set the line, is that they're the market makers, right?
On both sides of the trade, they take a small percentage of the fee.
Now, remember, though, that because if you take a percentage of the trade, that means how do they make money?
They want you to trade a lot, so that's number one.
In fact, they want you to get basically addicted to trading.
Now, second, though, is that while a casino will set the line, like plus or minus whatever on a game, minus 110 or something,
like that for the spread and then move that to hedge their own risk.
The Cal sheet is sitting there and offering the ability for a market to be able to take your line as well.
Well, what that means is that with these two people on the other side of the trade is that there's a heavy amount of influence and market making that happens for the people who are taking the action.
And from
Again, I know this sounds complicated, and I'm still a relative layman on how this all works.
It's very complicated.
But what it means is, from what I understand, is it gives these sharps the ability to not only hedge a lot of their own betting risk from the traders, but also to offer different odds based upon the amount that you are betting in terms of a trade, which is not necessarily the same as a sports bet or a casino.
Anyways, what I have seen generally is that with all of this amount of influence, the vast majority of the retail normal trader is losing on these prediction markets.
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