@Kalshi Here is my research idea: How many first-time election bettors did Kalshi acquire through it’s rampant undisclosed Twitter partnerships (athletes, rappers, influencers etc.) and how much money did those bettors subsequently lose to institutional market makers
@gurgavin@beckhardt@beckhardt Brandon - a concerning amount of your retweets are accounts promoting but not disclosing their partnership with Kalshi. Twitter is infested with it and its easily spotted via quote tweets as well. Is this intentional or an oversight
@FairMarkets_US@SeanPMaloney “It’s you and me trading as counterparties” makes it sound like everyday people are trading against each other. What share of Kalshi’s volume actually comes from retail customers vs professional market makers, such as Kalshi Trading LLC and Susquehanna?
@FairMarkets_US@mansourtarek “Another customer” is a convenient framing when Kalshi’s own affiliate, Kalshi Trading LLC, operates as a market maker taking the other side of trades. Has Kalshi ever said what % of its volume comes from ordinary customers vs pro market makers, including its own affiliate?
@DustinGouker It doesn't count if a marketing intern wrote it. Volkswagen could've saved billions by claiming “Clean Diesel” was just marketing language
@RickHeaslip VW called its cars “clean diesel.” Nikola called its truck “fully functioning.” Public claims can matter. Calling a contract a “bet” may not settle its legal status, but pretending your own marketing is irrelevant is disingenuous
@FairMarkets_US “Trading with your peers” is an interesting way to describe trading against institutional market makers like Susquehanna. Prediction markets earn fees on trading volume, they’re also financially incentivized to keep losing traders coming back to trade
@aleximm Hopefully 2027 is also the year Kalshi’s growth team learns ethical business practices: no ads promoting “sports betting” in states where it’s illegal, no rampant undisclosed paid promotions, and no undisclosed influencer smear campaigns against competitors
@mansourtarek_ You preach transparency, yet undisclosed paid promotions appear to be standard practice for Kalshi’s marketing team. Do you count these misleading impressions in your pitch decks when raising funding rounds?
@FairMarkets_US@mansourtarek_ “Much stricter” anti-manipulation standards, yet your marketing team keeps paying accounts to promote Kalshi without disclosing the relationship. Why not hold your own marketing to the same standard of transparency?
@PolymarketSport The NBA has warned about the integrity risks of prediction markets and just launched a campaign highlighting their potential harms to fans a week ago. So why is a Polymarket sponsorship on an active-player podcast considered acceptable? @NBA@NBAPR
@darrenrovell Wow, almost all the supportive replies to this tweet are from large accounts with Kalshi partnerships! If only there were a button to disclose that relationship… @FTC
@gurgavin Hi @FTC, this post makes Kalshi look like an independent recommendation, with no paid partnership tag. The replies from @ClownWorld and @GiFShitpost raise concerns too. All three have repeatedly appeared in these promotions. Please investigate.