A 37-year-old economist who says he bet more than $300k against DOGE on Kalshi explains himself

Alan Cole, a senior economist at the Tax Foundation, says he bet $342,195.63 on the success of DOGE. Kristian Tuxen Ladegaard Berg/NurPhoto via Getty Images Alan Cole, a 37-year-old economist in DC, said he bet his life savings against DOGE. He said he wagered roughly $342,200 and won $470,300 — a roughly 37% return. He explained his rationale in a post on X on Thursday. He said he bet his life savings on Elon Musk's Department of Government Efficiency failing to shrink federal spending — a...