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Liam Vaughan and Benjamin Bain A new prediction market lets investors bet big on almost anything article Recently approved by the CFTC, Kalshi lets people place five-figure wagers on the outcome of the Grammys, the next Covid wave, and future SEC commissioners. What could go wrong?

A new prediction market lets investors bet big on almost anything

Liam Vaughan and Benjamin Bain

Bloomberg.com, 2022

Abstract

Recently approved by the CFTC, Kalshi lets people place five-figure wagers on the outcome of the Grammys, the next Covid wave, and future SEC commissioners. What could go wrong?

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