A new trading platform will let users wager on everyday events

Person using phone.
(Image credit: iStock)

Humans will never be able to accurately predict the future. But they will soon be able to win or lose a ton of money based on what they think will happen.

With $30 million in funding from big-name venture capitalists, trading platform Kalshi will soon allow users to place bets on yes-or-no questions that predict future events, The Wall Street Journal reports. For example, Kalshi could've asked last year if a COVID-19 vaccine would've been approved by the end of 2020, paying out $1 to any user who bought a single contract guessing "yes," and nothing to those who'd picked "no."

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us
Kathryn Krawczyk

Kathryn is a graduate of Syracuse University, with degrees in magazine journalism and information technology, along with hours to earn another degree after working at SU's independent paper The Daily Orange. She's currently recovering from a horse addiction while living in New York City, and likes to share her extremely dry sense of humor on Twitter.