A 37-year-old economist who says he bet more than $300k against DOGE on Kalshi explains himself
Tehnologie
He said he bet his life savings on Elon Musk's Department of Government Efficiency failing to shrink federal spending — and won. Now, he's answering some questions. Alan Cole, a 37-year-old senior economist at the conservative-leaning Tax Foundation in Washington, DC, said in a Wall Street Journal profile that he made a $342,195.63 bet on the prediction market Kalshi on whether federal spending in each quarter of 2025 would be higher than it was in the fourth quarter of 2024. Ultimately, it was,
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