Investors are showing unprecedented enthusiasm for Kalshi, allowing individuals to legally bet on the outcomes of significant cultural events, while surprisingly offering cash without formal agreements.
Kalshi's surge to the top of Apple's app store illustrates the growing public interest in betting on cultural events, particularly the upcoming U.S. election.
The participation of notable investors like Neo and personal investments from individuals indicate strong belief in Kalshi's future, despite unusual funding methods without locked terms.
The opening of Kalshi's election market has brought attention after a judicial ruling favored their operations, yet challenges from the CFTC still loom as they seek an appeal.
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