Justice served the hard way. After terrorizing the farm for a while, this snake's luck ran out when the pigs cornered it and ended the threat once and for all.
Single-stock perps let you go long or short a stock like McDonald’s without owning shares. The contracts never expire, and periodic payments between buyers and sellers help keep them tracking the stock.
That gives traders a new way to hedge or speculate, including after the stock market closes...
But it also puts Kalshi in direct competition with the exchanges and market makers that handle those trades today.
This means Kalshi is the new challenger to the Wall Street status quo.