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
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Discussion
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@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/...
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@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/...
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@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/.…
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@_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/...
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@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
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@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/...
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@wsj
@wsj
on x
Tired of stocks? This startup will let you bet on yes-or-no questions. https://www.wsj.com/...
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@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/...
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@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/...
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@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/...
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@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/...
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@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/...
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@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/...
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@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/...