New reporting by the @wsj detailed the story of Alan Cole, an Ivy League tax economist who bet what he said was his lif…
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New reporting by the @wsj detailed the story of Alan Cole, an Ivy League tax economist who bet what he said was his life savings on a bold gamble on the prediction market Kalshi. The bet? That Musk and his Department of Government Efficiency boys would fail to cut federal spending in 2025 below what it was in the fourth quarter of 2024. Of course, that’s exactly what happened — though Musk cut a boatload of government workers during his short stint in Washington, he fell far short of the $2…