Possible historic landmark whizzing past your window dep’t: early Wednesday morning, CNN announced that it is entering into a branding partnership with Kalshi Inc., one of the two leading companies in the emerging business space of “prediction markets.” Kalshi is an exchange, more or less exactly like a stock exchange or a betting market: it’s a place where you can bet on quantifiable outcomes of a very general variety of future events. It has become a market leader, and apparently worthy of the attention of CNN, by pursuing a strategy of legality and regulatory housebrokenness. It’s chartered in the U.S. and is subject to the American legal rules of commodity exchanges (after suing, with tentative success, to be recognized as such). Read More