Kalshi Teams Up With the Weather Co. on Markets That Are Nearly Impossible to Insider Trade
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Kalshi and The Weather Company have teamed up on prediction markets centered on something humans have very little control over and that are a lot harder to insider trade on. The two companies announced a new strategic partnership Thursday in which Kalshi will use The Weather Company's data to verify outcomes for some of its weather-related markets. Meanwhile, The Weather Company will incorporate Kalshiâs real-time probability data across of The Weather Channel app and weather.com. It turns out weather markets are already big business on Kalshi. Trading volume across the platformâs climate and weather category has grown 500% year over year and is on pace to reach $1.1 billion in annualized volume, according to a press release. âWeather is one of the fastest-growing and most crucial categories at Kalshi because it affects everyone â from individuals and businesses to governments,â said Will Brackett, head of partnerships at Kalshi, in a statement. Kalshi is also pitching these markets as a way for businesses to hedge against weather-related risks, pointing to examples ranging from âice cream shops managing unseasonably cool summers to logistics firms managing precipitation impact.â The partnership appears to have been in the works for a while. Weather.com has already been incorporating Kalshi markets into some of its stories. A recent article about July tying for the hottest...
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