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Live Q&A: Why Kalshi Is Courting Wall Street

Live Q&A: Why Kalshi Is Courting Wall Street

Prediction market platform Kalshi has become a multibillion-dollar business as retail traders pour money into everything from election results to reality TV winners. But now the company wants institutional investors (think hedge funds) to use the platform. Why push it? Will it work? Business Insider Today’s Dan DeFrancesco sits down with Kalshi’s institutional director, Andy

Prediction market platform Kalshi has become a multibillion-dollar business as retail traders pour money into everything from election results to reality TV winners.

But now the company wants institutional investors (think hedge funds) to use the platform.

Why push it? Will it work?

Business Insider Today’s Dan DeFrancesco sits down with Kalshi’s institutional director, Andy Ross.

“The last time I was this excited I was pacing the delivery room waiting for my first child to be born!” Ross wrote on LinkedIn, announcing his move to Kalshi from Standard Chartered Bank.

“I believe prediction markets are the most important disruptive force in financial markets since the development of the Eurodollar future,” he continued.

Prediction markets have also had many detractors.

Where do you get into the debate? Join the live conversation to add your questions and comments to the mix on Tuesday at 1:30 pm ET.