Why Prediction Markets Like Kalshi Are Attracting Savvy Billionaire Investors
The savviest billionaire traders are placing their bets on budding prediction marketplaces. Thanks in part to Trumpworld connections, Kalshi is the front-runner in what could be a trillion dollar opportunity.
On a frigid winter morning in 2023, discount brokerage firm billionaire Charles Schwab arrived at the SoHo offices of little known prediction market start-up Kalshi. Under his arm were several binders which seemed to be bursting at their seams. The idea that this Wall Street legend had take...
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