The Kalshi Boom

di William Liu (Autore)

William Liu, 2026

Kalshi's trading volume went from a rounding error to billions of dollars in under two years, and the exchange that made it possible had already failed once under a different name. The Kalshi Boom is the inside account of how an event-contracts exchange became a legal way to trade on elections, weather, and the Super Bowl, and why regulators, courts, and legacy sportsbooks are still fighting over what to call it. This book traces the exchange's near-death and resurrection, the academic loophole that let prediction markets operate for years without a clear regulator, the crypto industry's brief and consequential detour through the space, and the courtroom fights that ultimately let Kalshi offer sports contracts nationwide over the objection of state gaming regulators. It follows the money into the platform: who is actually trading, what edge looks like across different contract categories, and why the same activity is treated as sober price discovery in one market and reckless gambling in another right next door. Written for readers who want to understand the mechanics before they form an opinion, The Kalshi Boom lays out the regulatory history, the court decisions, and the market structure in plain terms, with sources cited throughout. It is not investment advice, and it does not tell you whether to trade. It tells you what the exchange actually is, how it got here, and where the edge does and does not exist.

• Autore: William Liu
• Anno edizione: 2026
• Editore: William Liu
• Formato: EPUB2 con DRMFREE
• Lingua: Inglese
• Compatibilità: Tutti i dispositivi (eccetto Kindle)
• Layout: Reflowable
• EAN: 9798237532487