Kalshi’s co-founders defended the prediction-market company in a recent Axios interview, saying it helps reduce uncertainty and operates within the rules. They argued the platform is more like a market exchange than a casino. The comments come as the company faces growing criticism from politicians and anti-gambling activists.
The founders said Kalshi serves people, businesses, institutions, and governments by offering an unbiased source of information about future events. They also said the company is not on the other side of trades and instead earns revenue by taking a cut of wins and selling data to institutions. Kalshi has also been sued by numerous states, according to Axios.