tmansour

6 ms·

31.
by tmansour 4y ago
That's one view of this - I'd say it's pretty cynical though... Reminds me of how people reacted to insurance when it was first being introduced to the broader population "gambling on human lives/death! terrible!!&q
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by tmansour 4y ago
You're right! Lots of people have tried this before. The main source of failure historically has been regulation. We took the approach of addressing the elephant in the room first. We spent 3 years to crack the regulation case and we g
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by tmansour 4y ago
Our users and their use cases vary drastically....they can be asset managers with acute financial risks, freight carriers protecting against dry van rates dropping, traders looking for alpha, SMBs in Florida worried about a hurricane disrup
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by tmansour 4y ago
It's really hard to say. We tend to be dynamic in how list markets: we monitor whatever is trending every week/month, and create a market out of those things. I guess the number of markets we post next year will be a function of h
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by tmansour 4y ago
We're not doing sports for now. We're focused on events that have broad economic/social utility (not that sports doesn't, but it doesn't as clearly).
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by tmansour 4y ago
For now we're focusing on the US. We're expanding to other jurisdiction soon... potentially in 2023.
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by tmansour 4y ago
Intrade was awesome. Great respect for that platform. We're doing a fully regulated, full scale version of Intrade. Regulation allows us to take this to the next level: getting market makers onboard, integrating with brokers, etc.
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by tmansour 4y ago
Glad you find the economic calendar useful. We're currently thinking of ways to improve/expand it...any events you'd like to see on there? There are definitely areas where automating market resolutions/creating smart con
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by tmansour 4y ago
Kalshi is the first federally (CFTC) regulated exchange allowed to do this. We spent 3 years working with regulators to get this regulated and opened up the market for events trading. Here's more about our regulatory status: https:&#x
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by tmansour 4y ago
We're evaluating the idea of adding pictures (they were there in an earlier version). Totally agreed it makes the site looks livelier.
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by tmansour 4y ago
Kalshi doesn't currently involve any crypto. We're fully centralized, regulated by the federal government, and customer funds go to a traditional bank, where they sit in segregated member accounts. Though we've built our exch
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by tmansour 4y ago
There's a fundamental difference between gambling and financial trading. In gaming, you are trading on risks that are artificial, eg. betting on a dice roll or on a roulette spin. Those risks do not need to exist, and they risk solely
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by tmansour 4y ago
+1 on this. This is not how any of us operate. Regulation in this space is really tough and thorough - we've been battling through it for years now (also explains why this post is coming so long after the end of our batch!).
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by tmansour 4y ago
This article had a bunch of interesting insider info on what went down (most of it was news to me as well): https://www.capitolaccountdc.com/p/gambling-on-politics-an-i...
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by tmansour 4y ago
Thanks for the input! We have plans to expand many of our existing markets, and introduce many new markets. Geopolitics is definitely an area we're excited to grow over time. If you have any specific suggestions, please send them our w
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by tmansour 4y ago
The determination of an event will vary by contract, but are all external sources of validation, listed in the contract up front. For example, the moon landing resolves to yes if NASA announces by X date. GDP is resolved by Bureau of Econom
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Launch HN: Kalshi (YC W19) – A regulated exchange for trading on events
148 points by tmansour 4y ago|165 comments
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by tmansour 4y ago
The time has finally come. After nearly a year of engagement with the CFTC (federal regulator) to enable Kalshi to list election markets on our exchange, the CFTC just announced that it is seeking public comment on our market for a 30-day r
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Regulated Election Markets(twitter.com)
2 points by tmansour 4y ago|1 comments