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A comment on Launch HN: Kalshi (YC W19) – A regulated exchange for trading on events. Parent comment

Re:Launch HN: Kalshi (YC W19) – A regulated exchange for tra... by adamsmith143 on Wednesday November 23, 2022 @10:21AM (#33720264)
So it's a prediction market but you aren't legally allowed to be called a prediction market. In much the same way that Pyramid Schemes can operate as "Multi-Level Marketing", eventually the regulators will catch on and shut things down.
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Re:Launch HN: Kalshi (YC W19) – A regulated exchange for tra... by tmansour on Wednesday November 23, 2022 @11:09AM (#33720980)
We are perfectly allowed to be called a prediction market. That is not what I was saying in my text.

We are fully regulated by the CFTC. Our ethos has been do regulation from day 1 and we spent 3 years getting regulated before we launched a single product. Regulators are already caught up and are working with us constructively to expand this marketplace and asset class.

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