Kalshi co-founder and CEO Tarek Mansour said prediction market favorites won 479 of the first 487 races in the U.S. election held yesterday, putting the hit rate at 98%. In a post on X, Mansour argued that political elites in Washington, D.C. had repeatedly dismissed markets and assumed that ordinary participants did not understand politics. He said the outcome showed that people using prediction markets were able to express their judgments with a high degree of accuracy. Mansour also said prediction markets aggregate local knowledge scattered across different places, allowing people to contribute information without titles or large followings. In his view, that shifts how information power is distributed.
Kalshi co-founder and CEO Tarek Mansour said in a post on X that, in the U.S. election held yesterday, prediction market favorites won 479 of the first 487 races, for a 98% success rate.
Mansour wrote: 「Washington, D.C. elites repeatedly looked down on markets, believing that ‘these people’ did not understand politics, while ordinary people accurately expressed their judgment through prediction markets. Prediction markets aggregate local knowledge scattered across different places, allowing people to speak without titles or massive followings, changing the structure of information power.」
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
