Kalshi Founder: The Prediction Market is Not Manipulated

2024-10-21 08:15:10

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ChainCatcher news, former President Trump is leading Vice President Kamala Harris by 20 percentage points on Polymarket, raising concerns of manipulation. Tarek Mansour, founder of the prediction market Kalshi, recently argued that these results are accurate, rather than the result of inorganic manipulation, by providing comparable data from Kalshi.

Tarek Mansour first refuted claims that a few large players are skewing the odds in favor of Trump. "The median bet amount on Harris is greater than the median bet amount on Donald Trump," with Harris's median bet amount being $85, while Trump's median bet amount is $58.

The founder also explained that an increasing number of individuals are betting on Trump on the Kalshi platform, and the 20 percentage point lead on Polymarket roughly corresponds to the number of individuals betting on Trump to win the November election on Kalshi.

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