Ian retweeted
Trade on what happens next in art 🎨
Artnet, the leading source for art market data, is now @Kalshi’s official art partner. With Artnet’s data informing their calls on the largest prediction market, more people can weigh in on the art world’s biggest moments.
Read more: bit.ly/4eq06NE
18+ only. Restrictions and eligibility requirements apply. Trading event contracts and trading leveraged products, including perpetual futures, involves significant risk and is not appropriate for everyone. Please carefully consider if it is appropriate for you in light of your personal financial circumstances. Kalshi products are not available in all jurisdictions. See bit.ly/4BX0g96 for more information.
ALT The image is an advertisement featuring the collaboration between Kalshi and Artnet. It showcases artwork labeled as pieces by Kuang Xi, Francesco Guardi, Gustave Courbet, Gaston Darbour, and Edouard Manet. The slogan reads, "Price it before the room does. Art markets are now live on Kalshi, powered by Artnet's trusted data." The background contains small previews of various art pieces.
In 2024, I had an idea: figure out a way for people to trade on any song, album, or artist. A friend showed me Kalshi, and I became obsessed. I knew instantly there was no place I'd rather work.
It took me a little while to get hired, about a year or so, but I told myself, “If @mansourtarek_ and @luanalopeslara didn't give up after going through 60+ lawyers to get regulated, neither should I.”
Now I get to work with some of my closest friends building the coolest product out there. Today, @Kalshi is a $40 billion company. Crazy.
I'm glad I sent that binder.
Ian retweeted
S&P Dow Jones Indices and Kalshi are joining forces to build the next generation of financial markets.
The Dow launched in 1896. The S&P 500 in 1957. The idea was simple: bring individual stocks together into a single benchmark, giving people a clearer view of the broader market.
Over time, products built around those benchmarks transformed investing. Index funds, ETFs, futures, and options gave investors ways to gain diversified market exposure and hedge broad market swings.
These indices became foundations of global finance. More than $20 trillion is indexed or benchmarked to the S&P 500 alone.
Today, this structure extends beyond stocks to bonds, commodities, currencies, and more.
The next step is to bring that structure to the events that shape everyone’s lives.
Through this partnership, S&P Dow Jones Indices and Kalshi will work together to create indices composed of Kalshi event contracts.
Think about what that opens up.
An index of political power. An index of supply chain risk. An index tracking AI’s impact on employment. An index of sports outcomes that affect broadcasters, advertisers, cities, and small businesses. An index of weather risks that shape harvests, energy demand, and business revenues.
Each would bundle event contracts into a single indicator, helping people understand how related risks are evolving.
Over time, products built around these indices could offer diversified exposure to those events and new ways to hedge their impact.
The events that shape our lives could become as easy to track and gain exposure to as the S&P 500.
Ian retweeted
We must repeal the Onion Futures Act.
We will get to it.
University of Chicago Students to Protest at Chicago Mercantile Exchange, Demand End to Federal Ban on Onion Futures
Student-led group For Our Futures will rally Monday morning to call for repeal of the 1958 Onion Futures Act
On Monday, October 19, at 8:30 a.m., members of For Our Futures, a student-led organization from @UChicago, will gather outside the Chicago Mercantile Exchange (@CMEGroup) headquarters to demand the repeal of the Onion Futures Act of 1958, a nearly 70-year-old federal law prohibiting futures trading in onions.
The Onion Futures Act, enacted following allegations of market manipulation in the 1950s, singled out onions for a prohibition on futures contracts that remains in effect today. For Our Futures is calling on Congress to repeal the ban and restore the ability of onion growers, buyers, and traders to participate in a regulated futures market. Onions remain the only commodity banned from futures trading in the United States.
The protest will feature a giant inflatable onion costume, protest signs, and dozens of students, and will take place outside the headquarters of CME Group, one of the world's largest derivatives marketplaces and the historic center of American onion futures trading.
DM for details
cc: @pointsnfigures1 @CharlesFLehman @matt_levine @nbcchicago @ABC7Chicago @cbsnewschicago @WGNNews @fox32news @WBEZ @Suntimes @BlockClubCHI @chalkbeatCHI @SeanCasten @mansourtarek_
ALT The "onion man" visits a meeting of the UChicago Democrats. Not affiliated with any party, candidate, or candidate committee. We are a bipartisan movement.
Ian retweeted
Brenden Theaters runs 7 movie theaters across 4 states. Their revenue lives and dies on one thing they can't control: how many movies the studios decide to release.
Big slate, full theaters. Thin slate, empty seats.
So COO Robert Lytle asked us to list a market: "How many wide film releases next quarter?"
Brenden now takes the side they don't want to happen: fewer than 60 films. Thin slate, the trade pays out. Big slate, they lose the trade but sell more tickets.
He calls it "almost an insurance policy."
"The theater industry, we're really slow at adoption and really slow at innovation. We're trying to be a company that's kind of on the forefront of a lot of these things now."
Read the full article here: cbsnews.com/news/kalshi-smal…
Ian retweeted
Kalshi was only 4k units off from accuracy back in May (3 months ago) a true source of information
@luanalopeslara @Ianmakesmarkets @mansourtarek_ imagine how I felt seeing this and not being able to comment. Thank YOU for making an amazing product that can 100% predict truth
🚨Music trading platform @Kalshi has projected Ariana Grande’s ‘petal’ will surpass 305K units on the Billboard 200, marking her second biggest debut behind ‘thank u, next’
