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Chronicles

The story behind the story

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Kalshi, an online trading startup letting users bet on “yes/no” questions about future events, raises $30M from Sequoia and others ahead of planned March launch

Sequoia, Chuck Schwab are among those backing Kalshi, which plans to launch in March

Wall Street Journal Alexander Osipovich

Discussion

  • @wsj @wsj on x
    The online-trading startup Kalshi, which aims to let people wager on questions about future events ranging from economics to the weather to public health, has raised $30 million from an array of prominent investors https://www.wsj.com/...
  • @cemgarih Cem Garih on x
    Proud & excited for you guys -Tarek, Luana & rest of the @kalshi_official team! It's been a thriller & just getting started! @Tarrouka7 https://twitter.com/...
  • @cfcamerer Colin Camerer on x
    Reminder that real-money prediction markets came from academic research, originally @caltech c 1980s information revelation #experimentaleconomics then scaled at U Iowa https://iemweb.biz.uiowa.edu/ .... New sites are great but don't forget who invented them https://twitter.com/.…
  • @_rainerds Rainer on x
    Excited to share Kalshi's $30M Series A led by Sequoia. Take control. Hedge your own risk. Reward your vision. Kalshi coming soon. https://www.wsj.com/...
  • @carterkev Kevin Carter on x
    Very excited to be supporting @kalshi_official in their effort to unlock the next step for financial markets: trading on events. Congrats on the series A led by @Alfred_Lin and @sequoia https://www.wsj.com/... via @WSJ
  • @enriqueabeyta Enrique Abeyta on x
    If we all think there is some crazy speculation happening on @RobinhoodApp, check out @kalshi_official. This shit is going to be INSANE! https://www.wsj.com/...
  • @wsj @wsj on x
    Tired of stocks? This startup will let you bet on yes-or-no questions. https://www.wsj.com/...
  • @ycombinator Y Combinator on x
    Congrats to @kalshi_official on their $30M Series A! Through its CFTC regulated exchange, Kalshi (YC W19) is creating an entirely new way to hedge risk and trade on your opinion. https://www.wsj.com/...
  • @rexsalisbury Rex Salisbury on x
    We need more prediction markets. Excited to watch @kalshi_official, which goes live this March and allows investors to bet on yes / no questions. Approved by Commodity Futures Trading Commission (CFTC) in Nov to run a derivatives exchange. https://www.wsj.com/...
  • @modeledbehavior Adam Ozimek on x
    A real deal prediction market coming. Hopefully no bet limits and low trading costs. And contrary to this reporting I hope they DO get into elections https://www.wsj.com/...
  • @apartovi Ali Partovi on x
    1/ Congrats to @Alfred_Lin of @Sequoia on leading a bold $30M pre-launch investment in @Kalshi_official. Kalshi is building an epochal business: a new financial exchange for trading on event outcomes. 🚀 (1 of 2) https://twitter.com/...
  • @tomi @tomi on x
    Absolutely love this idea and glad that regulators aren't stopping it, when do we get to bet on $TSLA profitability? https://www.wsj.com/...
  • @jeremylneufeld Jeremy L. Neufeld on x
    very exciting—has potential to provide better predictions on more questions than existing forecasting sites like GJOpen and Metaculus. And if it's avoiding politics, it needn't face the distortionary restrictions on Predictit https://www.wsj.com/...
  • @robinhanson Robin Hanson on x
    “It is unlikely that Kalshi would list contracts on election outcomes because in 2012 the CFTC blocked an effort to list political-event contracts, saying they involved gaming and weren't in the public interest.” https://twitter.com/...