Kalshi has appointed digital assets influencer John Wang as the head of its crypto division. Wang, a 23-year-old former University of Pennsylvania student who left school to pursue a career in crypto, previously worked at Paradigm and Immutable before co-founding Armor Labs. Kalshi's CEO, Tarek Mansour, expressed optimism about Wang's contribution, stating his belief that high-quality thinking and hard work would drive the company's future. This appointment comes amidst regulatory scrutiny, as the Commodity Futures Trading Commission (CFTC) evaluates Kalshi's practices—an agency that had previously filed an enforcement action against the platform. Wang anticipates that prediction markets could enhance civic engagement by transforming beliefs into tangible outcomes. Kalshi, which saw increased activity during the 2024 US elections, recently raised funding valuing the company at approximately $2 billion and began accepting Bitcoin deposits to attract more crypto users.

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