Reading up on Kalshi
7 deep · digging since nov 26, 25
- U.S. Is Said to Be Investigating George Santos Over Kalshi Betting
Federal investigators are probing former Congressman George Santos for betting on his own State of the Union attendance through Kalshi.
- The Average Guys Outsmarting Wall Street on Prediction Markets
Retail prediction-market traders—'sharps'—have earned millions betting on events like elections and movie scores, often beating institutional forecasts.
- Why Almost Everyone Loses—Except a Few Sharks—on Prediction Markets - WSJ
A WSJ analysis finds a small number of algorithmic traders capture most winnings on Polymarket and Kalshi, while typical users lose money.
- Are Prediction Markets Good for Anything?—Asterisk
Despite billions in volume, Polymarket and Kalshi prediction markets produce useful forecasts mainly on high-profile risks, while AI chatbots may soon replace them as the primary source of probabilistic information.
- Prediction markets are ushering in a world in which news becomes about gambling
Prediction markets like Polymarket incentivize manipulation and gambling on news events, risking public trust by merging information with financial speculation.
- The Rise of Prediction Markets - The New York Times
Prediction markets like Polymarket and Kalshi are handling billions in bets on events from elections to entertainment, signaling a surge in speculative trading.
- Robinhood, Susquehanna to Launch Exchange to Expand Prediction Markets Offerings - WSJ
Robinhood and Susquehanna are launching a new futures and derivatives exchange to expand prediction contracts offerings tied to sports, elections, and other events.