This Tax Nerd Bet His Life Savings Against DOGE
The Wall Street Journal·2026-03-17 22:00
This man bet his life savings in a prediction market wager against Doge. All $342,196. Allan Cole is a 37-year-old tax economist in Washington with a mortgage and a young child.He considered himself a plain vanilla investor until Elon Musk's Department of Government efficiency came roaring into Washington last year. Suddenly, there were people willing to bet that the world's richest man would transform and shrink the federal government. Cole took the opposite position.If federal spending in each quarter of ...