Kalshi allows betting on virtually anything

Kalshi, a relatively new platform, has allowed its users to gamble on virtually anything, including political and entertainment topics, sports, and more.

Kalshi was started by two computer science students at the Massachusetts Institute of Technology, Luana Lara and Tarek Mansour. The platform allows wagers on virtually any subject, provided it can have a clear, definitive answer.

Many gambling sites have difficulty finding funding due to strict and varying regulations from country to country. However, the San Francisco-based company secured its license in Curacao and has continued to find support.

Kalshi recently received an investment from Y Combinator, an investment group that targets seed funding in a number of industries. The company has raised $150,000 so far, but more is certainly on the way. The CEO of Y Combinator, Michael Seibel, told Forbes, “The reason we don’t see more tech startups tackle this opportunity is because of the regulatory barriers that make it hard to get a product up and running. The Kalshi founders have the determination to overcome these regulatory challenges and the passion to create an innovative product.”