"Prediction markets remind me of crypto 15 years ago: a new asset class on a path to trillions," Matt Huang, co-founder and managing partner at Paradigm, told TechCrunch in an emailed statement. "There's no better team than Kalshi to scale prediction markets and reshape how people think about everything from elections and economic markets to weather and sports."
Recent speculation about xAI's involvement in the prediction market space has been circulating. While we're enthusiastic about the potential of this industry and engaged in various discussions, no formal partnerships have been confirmed to date. Stay tuned!
"The CFTC-mediated sports prediction markets could really upend that dynamic," investor Chris Grove, cofounder and general partner of Acies Investments, said at the event.
Jeff Bezos canceled the Washington Post editorial board's plan to endorse Kamala Harris, prompting speculation on whether tech billionaires are preparing for a Trump victory with cautious decisions.