Critics challenge Kalshi rebuttal over retail trading loss classifications and transparency

Kalshi’s attempt to counter a Roosevelt Institute analysis of retail trading losses has triggered a wider public dispute, drawing criticism from gambling industry figures and prediction market observers. What began as a disagreement over research methods has changed into questions about how the company distinguishes professional trading firms from everyday customers when discussing activity on its platform. The study takes ‘maker’ and ‘taker’ data from the Kalshi API and conflates these terms wi