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Alan earns $128,000 betting against Musk’s DOGE spending claims
short by / on Thursday, 26 February, 2026
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.
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