Comment by hermannj314

Your question implies a sense of moral outrage about gambling so I don't if it was asked in good faith or not.

Kalshi was on my radar because of Tim Walz dropping out the Minnesota governor race and an article about who would replace him being wagered on prediction markets, coincidently this was during a boring part of January after a snow storm and so weather was on my mind.

You can wager on aggregate precipitation, high and low temp, etc. The price is a binary contract between two parties with the market taker paying a small percent fee, so the conclusion you make that it "seems like a roundabout way to lose money" was not the conclusion I drew then nor believe that conclusion to be true even now, being a market maker using a trivial model from one-day forecast data was break-even for me.