Kalshi and the New Face of Regulated Prediction Markets: Myths, Mechanisms, and When to Trade
Misconception: prediction markets are either gambling dens or prophetic machines. Reality: regulated exchanges like Kalshi are structured financial markets that convert event uncertainty into tradable probability claims, with mechanistic rules, custody constraints, and policy limits that matter for U.S. traders. This piece peels back the operational layer — how contracts are priced and settled, which […]