tmansour

We're trying to fix that at kalshi.com :)

We don't do sports

If you're for everyobody, then you're for nobody!

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.

It's 25k downside exposure limit (doesn't mean your upside is capped at 25k).

Also even if you can't hedge the exposure in its totality, it is still worth hedging a fraction of it. "Under-hedging" is a common term in commodities markets - people often want to cover a portion of their exposure and leave the rest in the hands of mother nature.

+1 on this answer - there's a ton more examples here: student loans, climate policy, hurricanes, inflation, etc.

LedgerX team is more tech savvy and higher execution team. We considered all options and LedgerX was the superior one for our needs.

LedgerX is fully separated from rest of FTX from financial perspective by virtue of CFTC regulation, so no impact on us!

love to get your thoughts on what was the main source of failure

There's a non-trivial chance we might be available in Euro area next year, but early to tell right now as we're focused on US.

We'll be exploring AND/OR and conditional markets at some point... liquidity permitting.