Alan earns $128,000 betting against Musk’s DOGE spending claims

Economist Alan Cole turned a $342,195 bet into $470,300 by wagering against Elon Musk’s DOGE spending-cut goals. Betting on the Kalshi prediction market, Cole predicted that institutional inertia would prevent a $50 billion drop in federal outlays. As spending actually rose by $300 billion, his math-based gamble against political rhetoric yielded a $128,000 profit.