Kalshi

Kalshi is an online prediction market platform that allows individuals to bet on the outcome of future events. These platforms, including Polymarket (mentioned in the articles), function as online gambling sites where users wager against each other on the likelihood of specific occurrences. Kalshi is newsworthy because it facilitates speculation on significant political and economic events. Recent articles highlight increased betting volumes on these platforms regarding events like the potential replacement of the Federal Reserve chair and the capture of Nicolás Maduro. The articles also mention controversy surrounding Polymarket's decision not to pay out on bets related to a US invasion of Venezuela, despite Maduro's capture. This underscores the speculative nature of prediction markets and their potential impact on public perception and financial gain based on anticipated future events.