Main Street to Wall Street: Kalshi’s bid to go beyond sports bets
Institutional head Andy Ross’s strategy for drawing in investors and charging for ‘wisdom-of-crowds’
Andy Ross, Kalshi’s newly created head of institutional, is keen to emphasise that the prediction markets venue isn’t in the gambling game. But it is in the business of making money from its data.
Licensed by the Commodity Futures Trading Commission (CFTC), Kalshi is a regulated clearing house and prediction market – and Ross doesn’t brook any talk of gambling: “We’re a derivatives exchange. And
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