Matt Kalish

So you're not getting the right the full price that you expect and you get a worse average price.

This is the Matt Kalish issue that caused him to blow up at Kalshi, but probably shouldn't be too much of an issue at the given size.

I would recommend keeping like 47 to 40 K of that away from gambling.

Recognize that sports betting is not a good get rich quick scheme, especially for a beginner.

Um, not, not always, but very often.

The issue for a, a more casual, and this is one of the, the, the tractors of prediction markets, you know, Matt Kalish, uh, you know, formerly of-

My, my former boss.

Yeah.

And that's obviously a great trait to have, but it does have its cons, especially when you're kind of trying to grow and maybe replace a status quo industry.

So, for example, when Matt Kalish first came on, a lot of the reaction was like, okay, this guy makes pretty good points.

I mean, there's some conflict of interest, but maybe he's genuinely here to push forward this discussion and improve things.

the overall space we are in right now.

So by putting that information out there, you could be potentially hurting your edge.

Matt Kalish also weighed in on it, giving his alternate perspective on all of this.

I'm curious here how you feel about it, George, because I have my thoughts on this and I get it, but it seems to me like...

Well, I'm actually curious your perspective because you are the CEO of a content company.

And we're gonna stick to some of these topics on the show today, as I mentioned, to get ourselves started.

So in this one here, we have Matt Kalish once again involved in the show because he continues to parade his anti-prediction market propaganda, I guess we'll call it, but even our own Joey Knish may have jumped in a little bit on it.

Let me explain in just a moment.

It started with this tweet from Maple42069, who says, "There's a lot to say about the new Kalshi maker fees, but I think it's valuable to look at a tangible example.

Say a user wants a two-leg uncorrelated combo of 50/50 legs, fair price 25%.

A maker is willing to go for the lowest positive margin possible, the economics of that trade for each side." I won't go th- go through all the math here, but essen- essentially, it's laid out as about plus 268, but a classic sports betting example would have that at plus 264, plus you could get some crowns, odds boosts, and other fun perks.

So the suggestion from Maple, was Matt Kalish right the whole time? Matt Kalish, of course, co-founder of DraftKings.

So Knish, you had a tweet as well.