卡尔希周二辩称，其VIP计划和平台与体育博彩公司提供的“根本不同”。此前，多名民主党议员对预测市场和体育博彩的忠诚度计划表示担忧。在一封首先提供给《国会山报》的信中，该公司表示，卡尔希白金计划没有“掠夺性激励”，因为其商业模式独特。“总结卡尔希白金计划：我们的计划中没有掠夺性激励，因为我们没有掠夺的动机，”卡尔希首席合规官兼监管事务负责人苏迪尔·贾因在周二的信中写道。
Kalshi argued Tuesday that its VIP program and platform are "fundamentally different" from those offered by sportsbooks, after several Democratic lawmakers expressed concerns over loyalty programs at both prediction markets and sportsbooks. In a letter shared first with The Hill, the company suggested Kalshi Platinum has no "predatory incentives" because of its distinct business model. "To sum up Kalshi Platinum: there are no predatory incentives in our program because we have no incentive to be predatory," Sudhir Jain, Kalshi's chief compliance officer and head of regulatory affairs, wrote in Tuesday's letter.
“我们的商业模式和结构与体育博彩公司根本不同，”他继续说道。“我们的收入不等于客户的损失。我们的品牌取决于精准校准的预测，而精准校准的市场则取决于寻求世界知识并在公开市场上交易的复杂交易。”上周，参议员理查德·布卢门撒尔（康涅狄格州民主党）和众议员瓦莱丽·富希（北卡罗来纳州民主党）和保罗·通科（纽约州民主党）就各自的VIP计划向卡尔希、Polymarket、BetMGM、凯撒、DraftKings和Fanatics施压。
"Our business model and structure is fundamentally different from that of sportsbooks," he continued. "Our revenue is not equal to customers’ losses. Our brand depends on well-calibrated forecasts, and well-calibrated markets depend on sophisticated trading that is seeking knowledge in the world and trading on it on the open market." Sen. Richard Blumenthal (D-Conn.) and Reps. Valerie Foushee (D-N.C.) and Paul Tonko (D-N.Y.) pressed Kalshi, Polymarket, BetMGM, Caesars, DraftKings and Fanatics last week over their various VIP programs.
立法者们对“博彩业广泛有记录的通过掠夺性VIP计划剥削弱势投注者的行为”表示担忧，并指出有报道称，此类计划正利用人工智能瞄准处于连败中的赌徒，并向那些“表现出明显赌博成瘾迹象”的人推送促销活动。他们表示，Kalshi Platinum尤其令人担忧，因为预测市场声称受商品期货交易委员会联邦监管，却“公然违反州博彩当局设立的保障措施”。
The lawmakers voiced concerns about the "gambling industry’s widely documented exploitation of vulnerable bettors through predatory VIP programs," pointing to reports that such programs are using AI to target gamblers on losing streaks and pushing promotions on those who "exhibit clear signs of gambling addiction." They suggested Kalshi Platinum was especially worrying because prediction markets, which contend they are federally regulated by the Commodity Futures Trading Commission, are "actively flouting safeguards established by state gambling authorities."
然而，Kalshi辩称，它与体育博彩公司和赌场不同，因为它不充当“庄家”。在传统博彩中，人们通常与运营游戏的赌场或体育博彩公司对抗，后者被称为“庄家”。“该结构产生的激励机制很简单，”贾因表示，并暗示“最有可能输钱的客户被特别针对，往往采用掠夺性手段，例如旨在榨取更多资金的优惠和促销活动。”贾因指出，Kalshi则是连接买家和卖家，让他们对各种事件的结果进行投注，并对交易收取费用。
However, Kalshi argued it is different from sportsbooks and casinos because it does not act as the "house." In traditional gambling, people typically play against the casino or sportsbook operating the game, which is known as the "house." "The incentives created by that structure are straightforward," Jain said, suggesting that "customers most likely to lose are specifically targeted, often with predatory tactics, like perks and promotions designed to extract more money." Kalshi instead connects buyers and sellers as they wager on the outcomes of various events and collects fees on trades, Jain noted.
他还表示，Kalshi Platinum计划根据交易量而非胜负来选拔交易者，这些人平均是盈利的。“很难想象比你们正在调查的掠夺性体育博彩VIP计划更鲜明的对比了，后者独特地针对弱势和亏损客户，”他补充道。更新于东部时间上午10:58
He also said the Kalshi Platinum program selects traders on the basis of volume, rather than wins and losses, and these individuals are profitable on average. "It is hard to imagine a more striking contrast with the exploitative sportsbook VIP programs that you are investigating, who uniquely target vulnerable and losing customers," he added. Updated at 10:58 a.m. EDT