How Kalshi Is Spinning Up New Markets for Big Investors
Kalshi wants to become a major challenger to traditional financial markets by encouraging big funds and companies to use prediction markets to protect against losses. Behind the scenes, it’s developing new contracts to win those big investors over. That includes wagers aimed at niche corners of finance like the market for legal claims, where investors buy up claims at a discount betting they’ll be worth more once settlements are resolved. Last month, at a big investor’s request, Kalshi added...