Kalshi collaborates with xAI to create a predictive market platform

Odaily Planet Daily News: Kalshi Inc., a predictive market platform, announced the hiring of Donald Trump Jr. as a strategic advisor and is currently collaborating with xAI, an artificial intelligence company under Elon Musk. Kalshi users can place bets on various event outcomes by purchasing derivative contracts. In this collaboration, Kalshi will utilize xAI to integrate historical trend news and provide information support to traders, helping them determine the direction of events such as Fed interest rate adjustments or election results. Kalshi CEO Tarek Mansour stated that there is a deep fit between predictive markets, social media, and artificial intelligence. Predictive markets reflect known information, while artificial intelligence can expand knowledge boundaries. (Bloomberg)