Keep pulling the thread on Tarik Mansoor.
On January 15th, Kalshi appointed Donald Trump Jr. as an advisor to the company.
Kalshi announced a partnership with Robinhood to integrate its prediction markets, making Robinhood its first brokerage partner.
Kalshi onboarded two million new users to its application in the fall of 2023.
Kalshi has raised close to $110 million in funding to date from investors including Sequoia, Y Combinator, Schwab, and KKR.
Kalshi's sports trading markets are legal in all 50 states because the company's federal regulation by the CFTC supersedes state-level gaming laws.
Within seven days of launching its sports markets, Kalshi captured approximately 7% of the total betting handle.
The current CFTC administration is revisiting the prior administration's position on whether to enforce insider trading rules for event contracts on platforms like Kalshi.
Shortly after launching its sports markets, Kalshi ranked fourth in betting handle behind FanDuel, DraftKings, and BetMGM.
Kalshi's fastest-growing market segment is entertainment and culture, including markets on Spotify charts, album drops, and movie Rotten Tomatoes scores.
Kalshi has a deep partnership with the market-making firm Susquehanna (SIG).
Under US law, insider trading rules that apply to securities do not apply to commodity derivatives, as participants like farmers inherently trade on non-public information about their own production.
Kalshi has signed Webull as its second brokerage partner for distributing its prediction market products.