Prediction market Kalshi leaning into political questions
Share and Follow


() The online prediction market Kalshi is increasingly leaning into political and conversational questions of the day.

“Will Brexit happen? Will Donald Trump win the election? Will it rain tomorrow, and who’s going to win the Oscars those are things that people can relate to,” Kalshi founder and CEO Tarek Mansour told “The Hill” on Thursday. “We want to build a financial market that is for everyone, not for a select, elite few.”

One question posed by Kalshi this week was about Greenland, a territory that President Donald Trump has suggested could join the U.S. As of Friday afternoon, nearly 35% of participants predicted the U.S. will acquire at least some part of Greenland.

“We saw billions traded on the election,” Mansour said. “Since then, the exchange has been scaling and growing at an astronomical pace.”

He predicted the ceiling for the prediction market could reach trillions of dollars.

What is a prediction market?

On its website, Kalshi said it’s the first regulated exchange where people “can buy and sell contracts on the outcome of events,” with contract prices reflected in the view of traders.

While the New York Stock Exchange is a traditional exchange where people can buy and sell shares in companies, Kalshi says its market is based on predictions, such as, “Will interest rates rise in the next quarter?”

The market has drawn scrutiny in New Jersey. This week, regulators ordered Kalshi and Robinhood to stop offering sports-related prediction markets to New Jersey residents.

Cease-and-desist letters from the regulators say the companies are offering unauthorized sports wagering services in New Jersey.

Donald Trump Jr. is a strategic adviser for the exchange.

Share and Follow
You May Also Like
Trump rages at 'weak Republicans' over Epstein whiplash

Trump Criticizes Fellow Republicans Amid Epstein Controversy

Donald Trump has called on Pam Bondi to launch an investigation into…
Elon Musk's dad sounds the alarm on 'doomed' US population

Elon Musk’s Father Warns of America’s ‘Doomed’ Demographic Future Amid Population Concerns

Errol Musk, the father of tech mogul Elon Musk, has expressed a…
Fox News True Crime Newsletter: Alex Murdaugh's housekeeper, John Wayne Gacy encounter, Brian Walshe case

Unraveling True Crime Mysteries: New Insights into Alex Murdaugh’s Housekeeper, John Wayne Gacy’s Chilling Legacy, & the Brian Walshe Saga

On January 18, 2023, Brian Walshe made an appearance at the Quincy…
Michigan adopts sex education standards recommending students be taught gender identity, sexual orientation

Michigan’s New Sex Ed Guidelines: Embracing Gender Identity and Sexual Orientation in Schools

In a recent decision, the Michigan State Board of Education has endorsed…
Epstein emails reveal he tried to weasel his way into Trump's orbit

Leaked Epstein Emails Uncover Attempts to Forge Ties with Trump

Newly unveiled emails reveal that Jeffrey Epstein requested a photo of a…
MAGA's darkest hour: MTG's revolt rips open Trump's rawest wound

MTG’s Defiance: How Her Boldest Move Exposed Trump’s Vulnerability

The dramatic fallout between Donald Trump and Marjorie Taylor Greene has sent…
Epstein emails expose the reporters who cozied up to a predator

Revealed: Journalists’ Secret Connections with Jeffrey Epstein

Jeffrey Epstein maintained a close connection with a pair of notable journalists,…
Israel's war in Gaza: 4 Palestinian children in need of medical care arrive at O'Hare Airport in Chicago

Cold Case Breakthrough: Man Arrested for 2004 Downtown Chicago Murder After Extensive South America Hunt

In a dramatic turn of events, a man has been apprehended in…