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A New Prediction Market Lets Investors Bet Big on Almost Anything

  • Article
  • May 27, 2022
  • #Investment #Predictionmarket
Ben Bain
@benbain
(Author)
Liam Vaughan
@liamvaughanBBG
(Author)
www.bloomberg.com
Read on www.bloomberg.com
1 Recommender
1 Mention
On Nov. 3, 2020, Election Day, two young entrepreneurs received a call from the chairman of the Commodity Futures Trading Commission with some important news. Luana Lopes Lara and T... Show More

On Nov. 3, 2020, Election Day, two young entrepreneurs received a call from the chairman of the Commodity Futures Trading Commission with some important news. Luana Lopes Lara and Tarek Mansour had spent the past 18 months trying to get permission to start an ambitious and controversial new type of financial exchange—one where, rather than betting on equity prices or commodity futures, people could trade instruments tied to the outcomes of real-world events, such as the passage of legislation, the weather on a particular day, or the winner of best actor at the Oscars.

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Sahil Bloom @SahilBloom · May 27, 2022
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Outstanding article on what @Kalshi has been building. Impressive founders, talented team, and an extraordinarily ambitious vision. The future is bright. Keep an eye on this one!
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