A New Prediction Market Lets Investors Bet Big on Almost Anything - I see it is behind a paywall - but you can read it all on Apple News
The article is about a ‘new’ prediction market : Kalshi - which initially had problems with getting approval …
“But their concerns were overruled by the agency’s politically appointed commissioners, one of whom has since joined Kalshi’s board.”
The concerns are clear - but for all of that - I can’t help wondering if this still might be a good idea. (Revolving doors between government and commerce aside.)
Of course - they aren’t the first. Heard of predictit (I never knew it was a Kiwi play.)