~40–100× faster
Like other prediction markets, Kalshi lets users make trades based on a variety of different subjects and events. For example, you could participate in a market focused on the results of a basketball game, or something more unusual, like who'll win the current season of Survivor. Despite resembling gambling, online predictive markets aren't currently regulated by state gambling laws, and instead classify bets as a type of futures contract, placing them under the purview of the CFTC. That hasn't stopped states from trying to regulate prediction markets anyway. For example, Nevada sued Kalshi for operating a sports gambling market without a permit earlier in February.
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"Young people want the the opportunity to work," he said. "To get a decent career and move on in life and own their own home and all the things that young people down the generations have wanted to do."
Just how successful the merger of two legacy media outlets that are both facing financial pressures would be, remains an open question.