Hedge Funds Could Bet $100 Million on US Election in Kalshi Plan
- Exchange’s revamped political contracts eye pro traders
- Key US regulator to hold meeting on bid later this month
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Hedge funds and other major Wall Street firms could soon get to bet as much as $100 million on which US political party will control Congress under a new plan from Kalshi Inc.
The blueprint released this week by the New York-based firm significantly sweetens the pot for traders wagering on its platform. It’s the latest in a months-long face-off between Kalshi and its regulator, the Commodity Futures Trading Commission, over allowing people bet on election outcomes.