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A comment on Show HN: I’m paying Americans $100k to predict the midterms.

Re:Show HN: I’m paying Americans $100k to predict the midterms by someuser4234 on Thursday October 20, 2022 @12:39PM (#33277230)
Why?

I read the website as well as the terms of the challenge and that question is not answered by either.

[ Parent | on HN ]
Re:Show HN: I’m paying Americans $100k to predict the midterms by ortusdux on Thursday October 20, 2022 @12:45PM (#33277327)
From Kalshi's FAQ - "What is Kalshi?:

Kalshi is the first CFTC regulated exchange dedicated to trading on a new asset class: event contracts. These contracts are structured as questions about whether a future event will happen and can be answered by a simple Yes or No.

Covering a wide range of topics from weather to international affairs to media and more, Kalshi’s event contracts allow you to capitalize on your opinion and hedge everyday risks."

https://kalshiexchange.zendesk.com/hc/en-us/articles/7351844...

https://kalshi.com/learn/what-is-event-contract

To try and answer your question - Probably to drum up business.

[ Parent | on HN ]