Brandon Beckhardt

Building Prediction Markets

[Brandon Beckhardt @beckhardt]

There’s been a lot of noise and confusion around prediction markets lately.

We can’t let a few bad actors taint the entire space.

There's a lot of misinformation right now, so we took out a four-page Washington Post spread to set the record straight.

Here's the reality: the headlines about insider trading, war, and death markets are overwhelmingly about Polymarket, whose business is primarily (90%+ of all volume) offshore and based in Panama.

Regulated exchanges - like Kalshi, Robinhood, and CME - operate under U.S. law with strict safeguards, which include:
1. Requirements to ban insider trading and manipulation
2. Bans on war markets
3. Bans on death markets
4. Requirements to verify customers and know who's trading to avoid bad actors

If you want insider trading and war markets to stop, target the source - not the regulated U.S. exchanges.

[Kalshi @Kalshi]

Not all prediction markets are the same.

Some are regulated in the United States. Some aren’t.

Kalshi is.

Rule #1: We ban insider trading. And we enforce it.

[Crypto Rover @cryptorover]

HUGE: 🇺🇸 KALSHI PERPS HIT $1B VOLUME IN 5 DAYS

The first-ever perpetual futures in America hit $1B in trading volume within a week of launch.

[Coinvo @Coinvo]

HUGE: 🇺🇸 KALSHI PERPS HIT $1B VOLUME IN 5 DAYS!

The first-ever perpetual futures in America hit $1B in trading volume within a week of launch.

Perps volume offshore grew from $28T in 2023 to $90T in 2025. American traders were locked out the entire time until now.

This is the company's fastest-growing product ever.

[Brandon Beckhardt @beckhardt]

@Autonomous_Chad @Polymarket Iran is doing more volume than the World Cup favorite.

Wonder what it looks like without the wash trades.

[Udesh Jha @udeshjha]

Arguably the best ever launch of a derivative...speaks to what cost effectiveness (perps over traditional derivatives), good regulation (CFTC regulated over offshore) and a combination of retail and institutional demand can do.

[IcoBeast.eth🦇🔊 @icobeast]

>$1B in volume in the 5 days since we launched Kalshi Perps.

The American people want to trade.

We're letting them.

The Next Generation Exchange is here.

[Jacki McGavick @jackikotkiewicz]

The team bought insurance in case they got relegated. The insurer turned to Kalshi to cover itself.

That's it. That's the whole story... and it's actually a great one.

[Riva Sciuto @Riva1213]

After nearly 11 years at Google and YouTube, I'm joining @Kalshi as Head of External Affairs! #PredictionMarkets are a new public good for research & policy — and the institutional response is proof of that. To academic, research and policy orgs - let's partner! #Kalshi

[Brandon Beckhardt @beckhardt]

Knicks Home 🤝 Kalshi Home

[Kalshi Sports @KalshiSports]

Kalshi Concourse is now live at MSG.

[The Washington Post @washingtonpost]

“My mayor Muslim. My bagel’s Jewish. My Christian Dior. Knicks in four!”

MD Hossain’s ode to his beloved basketball team in a viral 15-second clip is being embraced by people looking for joy in a fractious national moment. https://t.co/TECUtUK8PN

[Mike Selig @ChairmanSelig]

It is no coincidence that major media outlets, exchanges, and financial institutions are increasingly turning to prediction markets. When people have real skin in the game, the data follows, and that is the wisdom of the crowds at work.

Watch now⬇️

[yoxic @yoxics]

Knicks fan who went viral after Game 1 of the NBA Finals explains the meaning behind his words 😭

My Mayor's Muslim.
My Bagels Jewish.
My Christian Dior.

[Brandon Beckhardt @beckhardt]

This man is a legend

[Kalshi Sports @KalshiSports]

My Mayor's Muslim.
My Bagels Jewish.
My Christian Dior.

@mdhbef has united New York City.

[Kalshi Sports @KalshiSports]

My Mayor's Muslim.
My Bagels Jewish.
My Christian Dior.

@mdhbef has united New York City.

[Brandon Beckhardt @beckhardt]

@themlpx @salmanso_ @Kalshi We put a lot of care and hard work in to make content that people love. Glad to hear you’re enjoying it.

[Complex Sneakers @ComplexSneakers]

The New York Staple 🗽🔥

Who’s rocking timbs watching game 2?

[Bryant @bryantheden]

Kalshi just did what everyone thought would take years

First regulated Bitcoin and Ethereum Perpetuals in America

Meanwhile @Polymarket is still fighting credibility battles over market resolutions and UMA votes

One platform is expanding products

The other is defending outcomes

Perps are where traders live

Prediction markets are where narratives live

If @Kalshi executes this correctly, this could be the beginning of a much bigger shift than most people realize

The race isn’t Kalshi vs Polymarket anymore

[Brandon Beckhardt @beckhardt]

@SawyerMerritt This is sick

[Brandon Beckhardt @beckhardt]

@KYDNimale @lzminsky @Kalshi 🔥

[Kalshi @Kalshi]

History remembers the winners.

Witness it live.

2 tickets to the final. $1 million prize pool.

https://t.co/h8BkeHj5u4

[Brandon Beckhardt @beckhardt]

Americans are very excited about perps

[Luana Lopes Lara @luanalopeslara]

$100m traded in perps in the first 24 hours!!!

Less than 1% of our waitlist is in, WE PROMISE TO LET YOU IN SOON!!! 💚💚