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Kalshi’s daring bet on election betting is paying off — to the tune of $100 million
Two 20-something New Yorkers have added an entirely new dimension to the 2024 presidential election: legal betting. The new platform Kalshi offers the first legal election betting in the US in over a century. Its founders believe it will give voters more transparency and make them feel more involved in the process. “It’s actually the best mechanism to get more truth about who’s actually going to win,” said Tarek Mansour, 28, who founded Kalshi with Luana Lopes Lara, also 28. “We’re letting the market speak instead of pundits, pollsters, people, political figures, people with biases or conflicts of ... (full story)