"At 8PM on election night in New York City, I arrived at an unmarked office building in the Meatpacking District. Inside, a few dozen young Kalshi employees moved between clusters of desks, pizza boxes, and a large projector displaying live markets for the day's key races. The vibe was quiet but focused. On the screen, numbers flickered as bets adjusted in real time."
"I expected a trading floor atmosphere. Instead, the office felt subdued. "I think it's quieter than usual because there's less volatility on this one," Mansour told me later from a small conference room. The New York mayor's race had long been priced as a landslide. Zohran Mamdani had held a roughly 95 percent chance of winning on Kalshi (and its rival Polymarket) even before polls closed. Still, about $100 million in trades on the New York race went through Kalshi that day."
At 8PM on election night in New York City, an unmarked office building in the Meatpacking District housed a Kalshi team monitoring live markets for key races. A few dozen employees moved among desks, pizza boxes, and a large projector displaying live market prices as bets adjusted. Co-founders Tarek Mansour and Luana Lopes Lara engaged with a CBS News crew after Kalshi's market predicted the Virginia governor's result about an hour before the network called it. The New York mayoral contest was widely priced as a landslide, with Zohran Mamdani near 95 percent on Kalshi and about $100 million in trades executed on that race. Kalshi is federally licensed and experiencing rapid transaction growth.
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