'Bam, everything's gone': Two young men describe losing thousands on Kalshi and Polymarket
Entertainment
Lorenzo Miro San Diego first learned about Polymarket after seeing the prediction market on an episode of "South Park" last fall. His first wager: $498 on the University of Houston beating Oregon State in a college football game. He netted more than $100 after the odds shifted further in Houston's favor. For the next two months, things didn't work out as well. He lost money, on net, on a series of bets related to professional football and basketball. He also began dabbling in cryptocurrency
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