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The platform, which recently hired Donald Trump Jr. as an adviser, is looking to exploit Wall Street to make its clients bigger.
By Michael J. de los Ángeles Merced
Online prediction markets rose to popularity last year in the attitude of US elections, then they affirmed justification when they reflect the victory of Donald J. Trump faster than opinion surveys.
Now, one of the biggest players in the business, Kalshi, is moving to make his contracts held so that you have more bettors to look for to bet on some of the biggest occasions in politics, business and sports, guessing the right number of “Yes” Robert F votes.
Kalshi is expected to announce on Friday that users will now be able to buy into its prediction markets directly from brokerages, just as they can purchase stocks or cryptocurrencies.
“Over time, the integration with agents will allow the 160 million Americans who own stocks to predict markets,” Tarek Mansour, co-founder and CEO of Kalshi, said in a statement. “Kalshi is committed to transforming prediction markets into billion-dollar asset elegance, and we’re not going to shy away from building until we do. “
It’s the latest evolution of prediction markets, which have been around for years but became more prominent in the 2024 election cycle, amid a global influx of bettors. Supporters of the platforms have said that they are more accurate than polls, driven by the wisdom of crowds and an ability to respond more quickly to breaking news. (It hasn’t always worked, making some big misses, including the 2016 U.S. presidential election.)
The trainers must also be won if they wait for the effects correctly. A French merchant who firmly bet on a Trump victory on some other platform, Polymket, won $ 85 million.
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