CEO of Kalshi

The Fed put out a paper called Catching the Rise of Macro Markets... this is the most accurate gauge we have as the highest economic authority on the planet to what's going on... on GDP, unemployment, fed interest rates, inflation... we will always be committed to this and we'll be working with regulators for rulemaking. The Federal Reserve and CFTC are explicitly validating event contracts and macro prediction markets as legitimate, highly accurate financial instruments. As this asset class gains regulatory clarity and institutional acceptance, established regulated derivatives exchanges and brokers that offer event contracts will capture significant new trading volume and expand their Total Addressable Market. LONG. Regulatory validation of macro prediction markets creates a massive new revenue vertical for established derivatives exchanges and forward-thinking brokers. The CFTC could still impose strict position limits or ban certain high-volume event contracts (like political elections), severely capping the growth potential of the asset class.

The Fed put out a paper called Catching the Rise of Macro Markets... this is the most accurate gauge we have as the highest economic authority on the planet to what's going on... on GDP, unemployment, fed interest rates, inflation... we will always be committed to this and we'll be working with regulators for rulemaking. The Federal Reserve and CFTC are explicitly validating event contracts and macro prediction markets as legitimate, highly accurate financial instruments. As this asset class gains regulatory clarity and institutional acceptance, established regulated derivatives exchanges and brokers that offer event contracts will capture significant new trading volume and expand their Total Addressable Market. LONG. Regulatory validation of macro prediction markets creates a massive new revenue vertical for established derivatives exchanges and forward-thinking brokers. The CFTC could still impose strict position limits or ban certain high-volume event contracts (like political elections), severely capping the growth potential of the asset class.

The Fed put out a paper called Catching the Rise of Macro Markets... this is the most accurate gauge we have as the highest economic authority on the planet to what's going on... on GDP, unemployment, fed interest rates, inflation... we will always be committed to this and we'll be working with regulators for rulemaking. The Federal Reserve and CFTC are explicitly validating event contracts and macro prediction markets as legitimate, highly accurate financial instruments. As this asset class gains regulatory clarity and institutional acceptance, established regulated derivatives exchanges and brokers that offer event contracts will capture significant new trading volume and expand their Total Addressable Market. LONG. Regulatory validation of macro prediction markets creates a massive new revenue vertical for established derivatives exchanges and forward-thinking brokers. The CFTC could still impose strict position limits or ban certain high-volume event contracts (like political elections), severely capping the growth potential of the asset class.