NY wants to shut down Kalshi, the company behind the NYC mayor's race odds

It was a few days before Primary Day when, Zohran Mamdani says, he got a text message from a person he hadn’t spoken to since high school.

“Yo bro, I just put a thousand on you,” the text read. “Please don’t let me down.”

Mamdani, the Democratic front-runner for New York City mayor, didn’t specify where or how his acquaintance put money on him when he recounted the story during an appearance on the Flagrant podcast.

One possible place is Kalshi, an exchange that allows users to purchase contracts that pay out a higher rate if an event or action — such as an election — goes their way.



https://gothamist.com/news/ny-wants-to-shut-down-kalshi-the-company-behind-the-nyc-mayors-race-odds