Kalshi’s in-house market maker is “not profitable” and traded about $310 million on sports last month, according to one of the prediction market’s co-founders.
Luana Lopes Lara — who co-founded Kalshi with Tarek Mansour — posted on X in response to a class-action lawsuit filed in the U.S. District Court for the Southern District of New York last week.
The class action alleged that Kalshi was “duping” customers by advertising a peer-to-peer service while also operating an in-house market maker, Kalshi Trading. Kalshi Trading offers bets to users on many markets, typically on both sides of a contract.
