Kalshi Reaches $11B Valuation as App Takes over America (businesswire.com)

This feels like a net negative for society.

It just seems like more selective odds betting, aka gambling, dressed up in financial jargon.

Dutch traders in the Netherlands did this in the 17th century only they used newspapers. Being the first to know about a storm in the Baltic or another war between France and Spain could be very lucrative indeed.

I want to short Kalshi so bad but I know that the market can stay irrational longer than I can stay solvent

Smells like the next SBF case.