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The platform, which recently hired Donald Trump Jr. as an advisor, is to exploit Wall Street to expand his possible visitors.
By Michael J. de la Merced
Online prediction markets soared in popularity last year in the run-up to the United States elections — and then claimed vindication when they appeared to reflect Donald J. Trump’s victory faster than opinion polls did.
Now one of the biggest players in the business, Kalshi, is moving to make its contracts available to more bettors looking to wager on some of the biggest events in politics, business and sports — from guessing the correct number of “yes” votes Robert F. Kennedy Jr. will receive in his bid to become Mr. Trump’s health secretary to which companies will run Super Bowl ads.
Kalshi is expected to announce Friday that users will now be to buy their prediction markets directly from stock market runners, just as they can buy shares or cryptocurrencies.
“Over time, integration with agents will allow 160 million Americans who have movements to access prediction markets,” said Tarek Mansour, co -founder and executive leader of Kalshi, in a Libray press “Kalshi is committed to the markets of prediction in an asset in an asset in an asset.
This is the most recent evolution of prediction markets, which have existed for years but have enlarged during the 2024 electoral cycle, in the midst of a global influx of trainers. The supporters of the platforms said they were more exact than the surveys , motivated by the wisdom of crowds and the ability to react more temporarily to the latest news (this has not worked, committing great failures, adding the US presidential elections of 2016).
The traigators are also probably to win if they wait for the effects correctly. A French merchant who greatly bet on a Trump Victoria contract on some other platform, Polymket, won $ 85 million.
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