Kalshi Surges on Election Betting

This is a U.S. news story, published by TechCrunch, that relates primarily to Kalshi news.

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Exclusive: Kalshi secures tens of millions in loans from VCs, eyes $50M+ round amid election betting boom, source says

Summary

Nutrition label

78% Informative

Kalshi allows people to bet, as official commodity trading contracts, on the outcomes of cultural events.

The company opened its election market last month after a judge denied the Commodity Futures and Trade Commission’s request to block the trading of elections-linked derivatives.

Investors rushed to boost its cash position in anticipation of additional betting on the U.S. election.

Since then, the company traded nearly $200 million in contract value.

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Informative language

Neutral language

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formal

Language

English

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not offensive