Kalshi Reaches $11B Valuation as App Takes over America

https://www.businesswire.com/news/home/20251202735424/en/Kalshi-Reaches-%2411-Billion-Valuation-as-App-Takes-over-America

by serial_dev • 8 months ago

5 7 8 months ago

businesswire.com

timpera• 8 months ago

This feels like a net negative for society.

N_Lens2• 8 months ago

Because it is!

LunaSea• 8 months ago

I'm not a fan of the betting side of prediction markets like Kalshi or Polymarket, but I do find the "scientific" side of them interesting.

Especially seeing if "wisdom of the crowd" or "superforecaster" theories are validated and the possibility of using these market probabilities as inputs in broader strategies.

N_Lens2• 8 months ago

It just seems like more selective odds betting, aka gambling, dressed up in financial jargon.

expedition32• 8 months ago

Dutch traders in the Netherlands did this in the 17th century only they used newspapers. Being the first to know about a storm in the Baltic or another war between France and Spain could be very lucrative indeed.

godsinhisheaven• 8 months ago

I want to short Kalshi so bad but I know that the market can stay irrational longer than I can stay solvent

coolThingsFirst• 8 months ago

Smells like the next SBF case.

Kalshi Reaches $11B Valuation as App Takes over America

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