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Story summary
- Alan Cole, a 37-year-old tax economist from Washington, invested his life savings of $342,195.63 into a prediction-market wager.
- He says he is not a typical bettor and describes himself as a "normal, conventional Wall Street Journal-reading adult."
- Cole has Ivy League degrees, a mortgage, and a young child.
- The investment decision came after the establishment of Elon Musk’s Department of Government Efficiency in the capital last year.
