Kalshi Gets Clearing House

A Potential Big Win for Gambling about the Distant Future

Yesterday, the Commodities Futures Trading Commission granted Kalshi the right to operate a clearing house for their exchange. That’s the sort of thing that sounds boring but is actually extremely exciting.

The main thing I am excited about is that Kalshi will have the ability to pay users interest on their bets. This will make betting on propositions in the distant future much more attractive. I suspect this will make markets about long-term climate and AI outcomes much more liquid.

I hope Kalshi will move to pay users interest on bets expeditiously.