

Do people remember the Gorbachev Pizza Hut commercial, in which the guy who hates Gorbachev for failing to hold the Soviet Union together is convinced that actually Gorbachev is okay because the fall of the Soviet Union allowed Pizza Hut to enter Russia? “Pizza is soft power” was basically the thesis.
(And yes, Gorbachev played himself in this ad, which didn’t air in Russia.)





First of all, I think this is a bit.
But (and this is my understanding, although I’ve never tried it) on Kalshi you buy a contract that says “if X happens, this contract can be redeemed for Y money” and then you can, in turn, sell that contract to someone else before it expires/pays out. So you can actually make money by trading the contracts regardless of whether they pay out or not—you buy at some price, and then if the contract price goes up (either because the event seems more likely, or because many people were buying it in the hopes of selling later) you can sell it to someone else at a profit. This is the sense in which it’s like a stock market.
So there’s like two layers to the joke here, one is intentionally misunderstanding the way Kalshi is like stocks (it’s actually more like options, which do expire and become worthless) and the other is that sometimes stocks really do go to zero.