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Election night at Kalshi HQ

Election night at Kalshi HQ

This is an excerpt of Sources by Alex Heath, a newsletter about AI and the tech industry, syndicated just for The Verge subscribers once a week.

At 8PM on election night in New York City, I arrived at an unmarked office building in the Meatpacking District.

Inside, a few dozen young Kalshi employees moved between clusters of desks, pizza boxes, and a large projector displaying live markets for the day’s key races. The vibe was quiet but focused. On the screen, numbers flickered as bets adjusted in real time.

Near the projector, co-founders Tarek Mansour and Luana Lopes Lara chatted with a CBS News crew filming a segment for the next morning. CBS had just called the Virginia governor’s race. Mansour pointed out that Kalshi’s market had predicted the result almost an hour earlier.

“We’re doing a billion dollars in transaction volume a week now.”

I expected a trading floor atmosphere. Instead, the office felt subdued. “I think it’s quieter than usual because there’s less volatility on this one,” Mansour told me later from a small conference room. The New York mayor’s race had long been priced as a landslide. Zohran Mamdani had held a roughly 95 percent chance of winning on Kalshi (and its rival Polymarket) even before polls closed. Still, about $100 million in trades on the New York race went through Kalshi that day.

In recent months, I’ve been tracking the rise of prediction markets and particularly Kalshi. Despite being federally licensed and much larger than Polymarket, it’s the latter that dominates the conversation in tech circles. Mansour wants to change that.

Kalshi’s betting page for the New York City mayoral election, captured one day after the election.

“Kalshi is arguably one of — maybe the — fastest-growing companies in America this year,” he told me. “We’re doing a billion dollars in transaction volume a week now.” Last year, the company saw just $300 million for the entire year. Mansour declined to share revenue figures, but even at a 1–2 percent fee per trade, the math suggests that business is booming.

Three factors have fueled that growth this year: securing a federal license to operate, expanding into sports betting, and striking a partnership with Robinhood to power prediction markets. While sports have been a major draw, Mansour’s ambitions go far beyond that.

“I think prediction markets are the next generation of the stock market,” he said. “They have media consequences. Everyone is an expert on something — everyone has opinions. These markets give those opinions a price.”

Kalshi called the New Jersey governor’s race 32 minutes before any news outlet

He hinted at new partnerships with media outlets and even entertainment event tie-ins. “We’re doing a lot with news networks in the coming months,” he said. “If the truth that comes out of these markets becomes mainstream, we’ve basically achieved our mission.”

Given how new prediction markets are, Kalshi and Polymarket still need to prove that they can remain reliable sources for predicting elections. Fox News took a reputational hit for accidentally calling Arizona for Joe Biden too early in 2020. Meanwhile, Kalshi and Polymarket brag about calling races even before results are in. If one of them gets a key race wrong, it could call into question the legitimacy of prediction markets.

With less than an hour left before polls closed, Mansour showed me Kalshi data from the New York mayoral race. Voters in the city were buying Andrew Cuomo contracts more heavily, but Mamdani dominated elsewhere. He was winning among women and younger traders; Cuomo’s support skewed older and male.

As we spoke, Kalshi called the New Jersey governor’s race at 8:20PM — 32 minutes before any news outlet. Mansour compared Kalshi’s role to that of financial markets: “Should the stock market replace bank analysts? No. Analysts provide input, and the market finds the real price. We’re doing the same thing for events.”

I asked whether people constantly text him for predictions, especially on an election night. He laughed. “Yeah. But I tell them: just look at the market. I don’t have any extra information.”

As 9PM neared, I assumed he’d stay in the office as polls closed. But as I stepped into my Uber, I saw him dart out and get into another car down the street.

He didn’t need to wait. Kalshi called the New York race for Mamdani one minute after polls closed and 36 minutes before any media outlet.

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#Election #night #Kalshi

Tired of taking your action camera on an adventure, only to get home and find out you missed the action with a bad angle? One option is to switch to a 360-degree action cam, so you can capture all of the action and then edit down to just the good stuff later. One of our favorite options, the DJI Osmo 360, is currently available for just $390 on Amazon, a $209 discount from its usual price, and it comes with a selfie stick and an extra battery.

The DJI Osmo 360 achieves its impressive all-around video quality by leveraging a pair of 1/1.1-inch sensors, larger than some other offerings, and by supporting 10-bit color. You can really see that in the camera’s output, with colors that are vivid and bold, to the point that you may need to dial them back a bit in post if you want something more natural. With support for up to 50 frames per second at 8K when recording in 360 degrees, or 120 fps at 4K when shooting with only one sensor, you’ll have plenty of material to work with. In our testing, it ran for just shy of two hours at 30 fps, which is also around the time the internal storage had filled up anyway.

If you plan on catching any serious discussions with your Osmo 360, you’ll be pleased to know it connects directly to DJI’s line of wireless lavalier microphones, including the excellent and frequently discounted DJI Mic 2 and Mic Mini. If you want to mount it to something other than the included 1.2-meter selfie stick, it has both DJI’s magnetic attachment system and a more traditional ¼”-20 tripod mount. The DJI Mimo app lets you control the camera and adjust any settings, and there’s even a simple editor for on-the-fly production. For desktop users, DJI Studio has even more in-depth settings and editing options, in case you don’t want to pay for Premiere.

The DJI Osmo 360 is one of our favorite action cameras, and is particularly appealing at the discounted price point, but make sure to check out our full review for more info, or head over to our full roundup to see what else is available.

#Favorite #Cams #Percentcameras,shopping,deals,action cameras">One of Our Favorite 360 Cams Is 35 Percent OffTired of taking your action camera on an adventure, only to get home and find out you missed the action with a bad angle? One option is to switch to a 360-degree action cam, so you can capture all of the action and then edit down to just the good stuff later. One of our favorite options, the DJI Osmo 360, is currently available for just 0 on Amazon, a 9 discount from its usual price, and it comes with a selfie stick and an extra battery.The DJI Osmo 360 achieves its impressive all-around video quality by leveraging a pair of 1/1.1-inch sensors, larger than some other offerings, and by supporting 10-bit color. You can really see that in the camera’s output, with colors that are vivid and bold, to the point that you may need to dial them back a bit in post if you want something more natural. With support for up to 50 frames per second at 8K when recording in 360 degrees, or 120 fps at 4K when shooting with only one sensor, you’ll have plenty of material to work with. In our testing, it ran for just shy of two hours at 30 fps, which is also around the time the internal storage had filled up anyway.If you plan on catching any serious discussions with your Osmo 360, you’ll be pleased to know it connects directly to DJI’s line of wireless lavalier microphones, including the excellent and frequently discounted DJI Mic 2 and Mic Mini. If you want to mount it to something other than the included 1.2-meter selfie stick, it has both DJI’s magnetic attachment system and a more traditional ¼”-20 tripod mount. The DJI Mimo app lets you control the camera and adjust any settings, and there’s even a simple editor for on-the-fly production. For desktop users, DJI Studio has even more in-depth settings and editing options, in case you don’t want to pay for Premiere.The DJI Osmo 360 is one of our favorite action cameras, and is particularly appealing at the discounted price point, but make sure to check out our full review for more info, or head over to our full roundup to see what else is available.#Favorite #Cams #Percentcameras,shopping,deals,action cameras

DJI Osmo 360, is currently available for just $390 on Amazon, a $209 discount from its usual price, and it comes with a selfie stick and an extra battery.

The DJI Osmo 360 achieves its impressive all-around video quality by leveraging a pair of 1/1.1-inch sensors, larger than some other offerings, and by supporting 10-bit color. You can really see that in the camera’s output, with colors that are vivid and bold, to the point that you may need to dial them back a bit in post if you want something more natural. With support for up to 50 frames per second at 8K when recording in 360 degrees, or 120 fps at 4K when shooting with only one sensor, you’ll have plenty of material to work with. In our testing, it ran for just shy of two hours at 30 fps, which is also around the time the internal storage had filled up anyway.

If you plan on catching any serious discussions with your Osmo 360, you’ll be pleased to know it connects directly to DJI’s line of wireless lavalier microphones, including the excellent and frequently discounted DJI Mic 2 and Mic Mini. If you want to mount it to something other than the included 1.2-meter selfie stick, it has both DJI’s magnetic attachment system and a more traditional ¼”-20 tripod mount. The DJI Mimo app lets you control the camera and adjust any settings, and there’s even a simple editor for on-the-fly production. For desktop users, DJI Studio has even more in-depth settings and editing options, in case you don’t want to pay for Premiere.

The DJI Osmo 360 is one of our favorite action cameras, and is particularly appealing at the discounted price point, but make sure to check out our full review for more info, or head over to our full roundup to see what else is available.

#Favorite #Cams #Percentcameras,shopping,deals,action cameras">One of Our Favorite 360 Cams Is 35 Percent Off

Tired of taking your action camera on an adventure, only to get home and find out you missed the action with a bad angle? One option is to switch to a 360-degree action cam, so you can capture all of the action and then edit down to just the good stuff later. One of our favorite options, the DJI Osmo 360, is currently available for just $390 on Amazon, a $209 discount from its usual price, and it comes with a selfie stick and an extra battery.

The DJI Osmo 360 achieves its impressive all-around video quality by leveraging a pair of 1/1.1-inch sensors, larger than some other offerings, and by supporting 10-bit color. You can really see that in the camera’s output, with colors that are vivid and bold, to the point that you may need to dial them back a bit in post if you want something more natural. With support for up to 50 frames per second at 8K when recording in 360 degrees, or 120 fps at 4K when shooting with only one sensor, you’ll have plenty of material to work with. In our testing, it ran for just shy of two hours at 30 fps, which is also around the time the internal storage had filled up anyway.

If you plan on catching any serious discussions with your Osmo 360, you’ll be pleased to know it connects directly to DJI’s line of wireless lavalier microphones, including the excellent and frequently discounted DJI Mic 2 and Mic Mini. If you want to mount it to something other than the included 1.2-meter selfie stick, it has both DJI’s magnetic attachment system and a more traditional ¼”-20 tripod mount. The DJI Mimo app lets you control the camera and adjust any settings, and there’s even a simple editor for on-the-fly production. For desktop users, DJI Studio has even more in-depth settings and editing options, in case you don’t want to pay for Premiere.

The DJI Osmo 360 is one of our favorite action cameras, and is particularly appealing at the discounted price point, but make sure to check out our full review for more info, or head over to our full roundup to see what else is available.

#Favorite #Cams #Percentcameras,shopping,deals,action cameras

PRIME MEMBERS SAVE 20¢ PER GALLON: Instead of the standard 10¢ per gallon discount, Prime members can take advantage of Fuel Up Friday to save 20¢ per gallon when pumping gas every Friday through May. Locations include bp, Amoco, and participating ampm and Thorntons locations.


valid once every Friday through May 29

Fuel prices are up. How high will they go? No one knows, but Amazon is giving a bit of respite to Prime members who fill up the tank on Fridays until the end of May. Here’s how to cash in on the savings.

Prime members are eligible to save 20¢ per gallon when refueling on every Friday through May 29. You’ll need to swing by any bp, Amoco, or a participating ampm or Thorntons to get the savings. First, you’ll need to link your Amazon Prime account in the Earnify app and enter your phone number. After that, you’ll be able to use the app to save 20¢ per gallon once every Friday. If you need to refuel any other day of the week, you’ll get 10¢ off per gallon as a Prime member.

A Prime membership comes with plenty of perks. Throughout the year, members get special access to sales, discounts, free books, two-day shipping, streaming privileges on Prime Video, and more. Added to the list is now saving save 20¢ per gallon when filling up the gas tank on Fridays until the end of May.

Keep in mind this is valid only for U.S. Prime members and you can only use the discount once every Friday, so you won’t be able to fuel up vehicles for the entire family. Amazon mentions 7,500 gas stations are participating in this deal, so there should be one fairly nearby your home.

Since this deal is valid through May 29, you still have eight Fridays to refuel with while saving 20¢ per gallon. If you’re already a Prime member, there’s good reason to take advantage of this savings.

#Prime #member #savings #Save #gallon #fueling #Fridays">Prime member savings: Save 20¢ per gallon when fueling up on Fridays until the end of May
                                                            PRIME MEMBERS SAVE 20¢ PER GALLON: Instead of the standard 10¢ per gallon discount, Prime members can take advantage of Fuel Up Friday to save 20¢ per gallon when pumping gas every Friday through May. Locations include bp, Amoco, and participating ampm and Thorntons locations.
    
    
    
        
                                        
                                                    valid once every Friday through May 29
                    
        
    

Fuel prices are up. How high will they go? No one knows, but Amazon is giving a bit of respite to Prime members who fill up the tank on Fridays until the end of May. Here’s how to cash in on the savings.Prime members are eligible to save 20¢ per gallon when refueling on every Friday through May 29. You’ll need to swing by any bp, Amoco, or a participating ampm or Thorntons to get the savings. First, you’ll need to link your Amazon Prime account in the Earnify app and enter your phone number. After that, you’ll be able to use the app to save 20¢ per gallon once every Friday. If you need to refuel any other day of the week, you’ll get 10¢ off per gallon as a Prime member.
        
            Mashable Trend Report
        
        
    
A Prime membership comes with plenty of perks. Throughout the year, members get special access to sales, discounts, free books, two-day shipping, streaming privileges on Prime Video, and more. Added to the list is now saving save 20¢ per gallon when filling up the gas tank on Fridays until the end of May. 
        SEE ALSO:
        
            Amazon is reportedly moving its annual Prime Day sale this year
            
        
    
Keep in mind this is valid only for U.S. Prime members and you can only use the discount once every Friday, so you won’t be able to fuel up vehicles for the entire family. Amazon mentions 7,500 gas stations are participating in this deal, so there should be one fairly nearby your home. 
Since this deal is valid through May 29, you still have eight Fridays to refuel with while saving 20¢ per gallon. If you’re already a Prime member, there’s good reason to take advantage of this savings. 

                    
                                            
                            
                        
                                    #Prime #member #savings #Save #gallon #fueling #Fridays

Fuel Up Friday to save 20¢ per gallon when pumping gas every Friday through May. Locations include bp, Amoco, and participating ampm and Thorntons locations.


valid once every Friday through May 29

Fuel prices are up. How high will they go? No one knows, but Amazon is giving a bit of respite to Prime members who fill up the tank on Fridays until the end of May. Here’s how to cash in on the savings.

Prime members are eligible to save 20¢ per gallon when refueling on every Friday through May 29. You’ll need to swing by any bp, Amoco, or a participating ampm or Thorntons to get the savings. First, you’ll need to link your Amazon Prime account in the Earnify app and enter your phone number. After that, you’ll be able to use the app to save 20¢ per gallon once every Friday. If you need to refuel any other day of the week, you’ll get 10¢ off per gallon as a Prime member.

A Prime membership comes with plenty of perks. Throughout the year, members get special access to sales, discounts, free books, two-day shipping, streaming privileges on Prime Video, and more. Added to the list is now saving save 20¢ per gallon when filling up the gas tank on Fridays until the end of May.

Keep in mind this is valid only for U.S. Prime members and you can only use the discount once every Friday, so you won’t be able to fuel up vehicles for the entire family. Amazon mentions 7,500 gas stations are participating in this deal, so there should be one fairly nearby your home.

Since this deal is valid through May 29, you still have eight Fridays to refuel with while saving 20¢ per gallon. If you’re already a Prime member, there’s good reason to take advantage of this savings.

#Prime #member #savings #Save #gallon #fueling #Fridays">Prime member savings: Save 20¢ per gallon when fueling up on Fridays until the end of May

PRIME MEMBERS SAVE 20¢ PER GALLON: Instead of the standard 10¢ per gallon discount, Prime members can take advantage of Fuel Up Friday to save 20¢ per gallon when pumping gas every Friday through May. Locations include bp, Amoco, and participating ampm and Thorntons locations.


valid once every Friday through May 29

Fuel prices are up. How high will they go? No one knows, but Amazon is giving a bit of respite to Prime members who fill up the tank on Fridays until the end of May. Here’s how to cash in on the savings.

Prime members are eligible to save 20¢ per gallon when refueling on every Friday through May 29. You’ll need to swing by any bp, Amoco, or a participating ampm or Thorntons to get the savings. First, you’ll need to link your Amazon Prime account in the Earnify app and enter your phone number. After that, you’ll be able to use the app to save 20¢ per gallon once every Friday. If you need to refuel any other day of the week, you’ll get 10¢ off per gallon as a Prime member.

A Prime membership comes with plenty of perks. Throughout the year, members get special access to sales, discounts, free books, two-day shipping, streaming privileges on Prime Video, and more. Added to the list is now saving save 20¢ per gallon when filling up the gas tank on Fridays until the end of May.

Keep in mind this is valid only for U.S. Prime members and you can only use the discount once every Friday, so you won’t be able to fuel up vehicles for the entire family. Amazon mentions 7,500 gas stations are participating in this deal, so there should be one fairly nearby your home.

Since this deal is valid through May 29, you still have eight Fridays to refuel with while saving 20¢ per gallon. If you’re already a Prime member, there’s good reason to take advantage of this savings.

#Prime #member #savings #Save #gallon #fueling #Fridays

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