The prediction market data company Oddpool joins Kalshi
The prediction market data startup Oddpool announced its entry into Kalshi. Oddpool stated that Ritesh and he graduated from Y Combinator this spring and completed a $3 million seed round financing. Since then, they have been building the tools needed for institutional adoption of prediction markets, treating such markets as a real asset class.Oddpool claims that the choice to enter the prediction market is due to its ability to aggregate information by matching buyers and sellers and determining prices through public bidding. Traditional derivatives markets have achieved price discovery on key economic inputs such as commodities, energy, and interest rates, while prediction markets further cover a broader range including politics, sports, climate, and culture. The company has been building a data layer to help institutions, economists, policymakers, and business owners interpret data and assist in decision-making. Both parties believe that joining Kalshi will allow them to build from within the ecosystem.
