DescribingKalshi's election betting platform as "a coin flip with a bias," CEOTarek Mansourhighlighted the platform's rapid growth, noting it has reached $200 million in trades and overtaken Cash App in U.S. finance app rankings.
What Happened:Speaking on CNBC on Monday, Mansour explained that Kalshi's election markets reflect user-driven probabilities, offering a nuanced perspective distinct from traditional polling data.
He added that these probabilities reflect the collective insights of market participants rather than a reflection of public polls.
Kalshi's election market enables Americans to place bets on the 2024 presidential race, distinguishing itself...
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