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Kalshi Inc. is an American financial exchange and prediction market based in Lower Manhattan, New York City, offering event contracts.Launched in July 2021, it offers a platform where both retail and institutional traders can place trades on various future events, including economic indicators, weather patterns, awards, as well as political and legislative outcomes.
Kalshi, an online platform where users can bet on the outcomes of future events, relaunched its congressional control contracts a few hours after the ruling, letting Americans bet on which party ...
Kalshi’s legal strategy focused on legislation that grants the CFTC power to prohibit event contracts if they involve illegal activity, terrorism, assassination, war, gaming, or a “similar ...
The Commodity Futures Trading Commission (CFTC) had asked the appeals court to block the prediction exchange platform Kalshi from offering “Congressional Control Contracts,” which allow buyers ...
Kalshi was founded in 2018 by Tarek Mansour and Luana Lopes Lara. Kalshi was part of Y Combinator’s Winter 2019 batch. In 2019 we launched our Beta app. Then, in 2020, Kalshi achieved a significant milestone by becoming the first regulated financial exchange approved by the Commodity Futures Trading Commission (CFTC) to offer event contracts.
A typical prediction market contract is set up to trade between 0 and 100%. The most common form of a prediction market is a binary option market, which will expire at the price of 0 or 100%. Prediction markets can be thought of as belonging to the more general concept of crowdsourcing which is specially designed to aggregate information on ...
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