"Kalshi-an Arabic word meaning everything-is a "prediction market" where you "trade" (an important linguistic slip vis-a-vis "gamble") on "future event outcomes." As of right now, I can buy shares of either "Yes" or "No" on whether or not Ali Khamenei will remain Supreme Leader of Iran, who the winner of the Super Bowl will be, the over/under of the Rotten Tomatoes score for the movie Primate,"
"I can also bet on who will win the 2028 presidential election, a type of gambling that was illegal in the United States until Kalshi won a DC Court of Appeals ruling in September 2024 that overruled a previous Commodity Futures Trading Commission (CFTC) action against them. The CFTC voluntarily dropped their appeal in May of 2025, prompting Kalshi CEO Tarek Mansour to"
An AI-generated commercial created with ChatGPT prompts and Google's VEO 3 aired during the NBA Finals to introduce Kalshi and its provocative tagline. Kalshi presents itself as a prediction market where users trade on future event outcomes rather than gamble. Available markets include geopolitical leadership, sports results, movie ratings, public-health case counts, and environmental measures. The firm emphasized a trollish, accelerationist marketing posture aimed at social-media users confident in forecasting. Kalshi secured a DC Court of Appeals ruling in September 2024 permitting election-type markets, and the CFTC dropped its appeal in May 2025.
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