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by josefresco 62 days ago
Investor highlights for each platform:

Kalshi: Sequoia Capital, Paradigm, Andreessen Horowitz (a16z), Y Combinator, Charles Schwab, Henry Kravis (KKR), and CapitalG (Alphabet).

Polymarket: Intercontinental Exchange (ICE - parent of the NYSE), Founders Fund (Peter Thiel), Vitalik Buterin, and 1789 Capital (Donald Trump Jr.).

PredictIt: Primarily supported by Aristotle International (a political tech firm) and historically Victoria University of Wellington.

Donald Trump Jr.: Prominent investor in Polymarket through his firm, 1789 Capital, and serves as a paid strategic advisor to Kalshi.

The current CFTC Chairman, Michael Selig, created a 35-member panel to draft new regulations for prediction markets. This panel includes the CEOs of the platforms they regulate, such as Shayne Coplan (Polymarket) and Tarek Mansour (Kalshi).
1 comments
tdeck 62 days ago
These companies were blatant about operating illegally in the US. I remember being shocked to see the live billboard polymarket ads in Philadelphia on the eve of the election. I guess there are too many scandals these days for this to stand out.
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