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Kalshi
Kalshi Inc. is an American financial exchange and prediction market based in Lower Manhattan, New York City, offering event contracts. Launched in July 2021, it offers a platform where both retail and institutional traders can place trades on various future events, including economic indicators, weather patterns, awards, as well as political and legislative outcomes. The platform enables users to trade on yes-or-no questions, with contracts priced based on the market's estimated probability of an event occurring. The exchange provides contracts that pay out $1 for correct selections. In October 2024, Kalshi received approval to reintroduce election markets, allowing users to wager on political outcomes, such as congressional control and presidential elections.   History Founded in 2018, Kalshi was established by Tarek Mansour and Luana Lopes Lara. The idea for the company emerged during their tenure as financial analysts, where they identified challenges faced by investors a ...
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Prediction Market
Prediction markets, also known as betting markets, information markets, decision markets, idea futures or event derivatives, are open markets that enable the prediction of specific outcomes using financial incentives. They are exchange-traded markets established for trading bets in the outcome of various events. The market prices can indicate what the crowd thinks the probability of the event is. A typical prediction market contract is set up to trade between 0 and 100%. The most common form of a prediction market is a binary option market, which will expire at the price of 0 or 100%. Prediction markets can be thought of as belonging to the more general concept of crowdsourcing which is specially designed to aggregate information on particular topics of interest. The main purposes of prediction markets are eliciting aggregating beliefs over an unknown future outcome. Traders with different beliefs trade on contracts whose payoffs are related to the unknown future outcome and the ...
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Polymarket
Polymarket is an American cryptocurrency-based prediction market, headquartered in Manhattan, New York City. Launched in 2020, it offers a platform where investors can place bets on various future events, including economic indicators, weather patterns, awards, as well as political and legislative outcomes. Participants can deposit USDC cryptocurrency through the Polygon blockchain network and trade shares that represent the likelihood of specific outcomes occurring in the future. Polymarket has blocked access to US customers since 2022, following a settlement with the Commodity Futures Trading Commission, which accused the company of running an unregistered derivatives-trading platform. History Founded in 2020 by Shayne Coplan, Polymarket is a prediction market that allows users to gain/lose on the outcome of world events. In January 2022, Polymarket was fined US$1.4 million by the Commodity Futures Trading Commission (CFTC), and received a cease and desist order for re ...
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Augur (software)
Augur is a decentralized prediction market platform built on the Ethereum blockchain. Augur is developed by Forecast Foundation, which was founded in 2014 by Jack Peterson, Joey Krug, and Jeremy Gardner. Forecast Foundation is advised by Ron Bernstein, founder of now-defunct company Intrade, and Ethereum founder Vitalik Buterin. Operation Augur allows any user to create a prediction market on any topic. There are two kinds of markets: *Categorical markets have up to seven options; for example, "Will Alice win X election?" with "yes" and "no" as options, or "Who will win X election?" with five candidates as options. These markets are winners take all, making them similar to binary options. *Scalar markets offer a spectrum of numerical outcomes; for example, "What will the closing price of Apple's stock be on January 1 2021?" Traders can "long" or "short" any value, i.e. bet that the result will be higher or lower than a certain value. If a trader longs at X value, the more ...
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New York (state)
New York, also called New York State, is a U.S. state, state in the northeastern United States. Bordered by New England to the east, Canada to the north, and Pennsylvania and New Jersey to the south, its territory extends into both the Atlantic Ocean and the Great Lakes. New York is the List of U.S. states and territories by population, fourth-most populous state in the United States, with nearly 20 million residents, and the List of U.S. states and territories by area, 27th-largest state by area, with a total area of . New York has Geography of New York (state), a varied geography. The southeastern part of the state, known as Downstate New York, Downstate, encompasses New York City, the List of U.S. cities by population, most populous city in the United States; Long Island, with approximately 40% of the state's population, the nation's most populous island; and the cities, suburbs, and wealthy enclaves of the lower Hudson Valley. These areas are the center of the expansive New ...
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Climate Change
Present-day climate change includes both global warming—the ongoing increase in Global surface temperature, global average temperature—and its wider effects on Earth's climate system. Climate variability and change, Climate change in a broader sense also includes previous long-term changes to Earth's climate. The current rise in global temperatures is Scientific consensus on climate change, driven by human activities, especially fossil fuel burning since the Industrial Revolution. Fossil fuel use, Deforestation and climate change, deforestation, and some Greenhouse gas emissions from agriculture, agricultural and Environmental impact of concrete, industrial practices release greenhouse gases. These gases greenhouse effect, absorb some of the heat that the Earth Thermal radiation, radiates after it warms from sunlight, warming the lower atmosphere. Carbon dioxide, the primary gas driving global warming, Carbon dioxide in Earth's atmosphere, has increased in concentratio ...
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Robinhood Markets
Robinhood Markets, Inc. is an American financial services company based in Menlo Park, California. It provides an electronic trading platform that facilitates trades of stocks, exchange-traded funds, options, index options, futures contracts, outcomes on prediction markets, and cryptocurrency. It also offers cryptocurrency wallets, wealth management, credit cards and other banking services, some in partnership with banks insured by the FDIC, as well as a news website, Sherwood.News. The company's revenue comes from transactions (including payment for order flow and markups on cryptocurrency; 63% of Q1 2025 revenues), net interest income (primarily from margin lending, interest earned on customers' cash balances, and credit cards; 31% of Q1 2025 revenues), and other sources ( subscription fees and advertising revenue on Sherwood.News; 6% of Q1 2025 revenues). The company has 25.8 million funded customers and $221 billion in assets under custody. Its platform is availabl ...
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Axios (website)
''Axios'' (styled ΛXIOS in the logo) is an American news website based in Arlington, Virginia. It was founded in 2016 and launched the following year by former ''Politico'' journalists Jim VandeHei, Mike Allen, and Roy Schwartz. The site's name is based on the (), meaning "worthy of". ''Axios'' articles are often brief to facilitate quick reading; most are shorter than 300 words and use bullet points. In addition to news articles, ''Axios'' produces daily and weekly industry-specific newsletters (including Allen's ''Axios AM'', a successor to his newsletter '' Politico Playbook'' for ''Politico''), and two daily podcasts. On September 1, 2022, Cox Enterprises completed its acquisition of ''Axios''. History VandeHei said he wanted ''Axios'' to be a "mix between ''The Economist'' and Twitter". The company initially covered a mix of business, politics, technology, health care, and media. VandeHei said ''Axios'' would focus on the "collision between tech and areas such as ...
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Susquehanna International Group
Susquehanna International Group, LLP (SIG) is a privately held, global trading and technology firm. SIG comprises a number of affiliated entities specializing in trading and proprietary investments in equities, fixed income, energy, commodity, index and derivative products, private equity and venture capital, research, customer trading and institutional sales. SIG is a specialist or designated primary market maker (DPM) in approximately 600 equity options and 45 index options on the CBOE, AMEX, PHLX, and ISE, including equities such as Google, Goldman Sachs, JPMorgan Chase, GE, PepsiCo, and Microsoft, and indices such as Nasdaq and Russell 2000 options. The firm employs more than 3,000 people in offices across North America (New York City, Chicago, San Francisco, Philadelphia, Boston, Stamford), Australia (Sydney), Europe (Dublin, London) and Asia (Shanghai, Beijing, Hong Kong, Tokyo). History SIG was founded in May 1987 by six entrepreneurs, including Arthur Dantchik an ...
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Margin (finance)
In finance, margin is the collateral that a holder of a financial instrument has to deposit with a counterparty (most often their broker or an exchange) to cover some or all of the credit risk the holder poses for the counterparty. This risk can arise if the holder has done any of the following: * Borrowed cash from the counterparty to buy financial instruments, * Borrowed financial instruments to sell them short, * Entered into a derivative contract. The collateral for a margin account can be the cash deposited in the account or securities provided, and represents the funds available to the account holder for further share trading. On United States futures exchanges, margins were formerly called performance bonds. Most of the exchanges today use SPAN ("Standard Portfolio Analysis of Risk") methodology, which was developed by the Chicago Mercantile Exchange in 1988, for calculating margins for options and futures. Margin account A margin account is a loan account w ...
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