FRB Paper Rates Forecast Market Kalshi's Accuracy on Par with Wall Street Experts

A paper titled 'Kalshi and the Rise of Macro Markets' published by the Federal Reserve Board (FRB) on the 18th has garnered attention in the financial and cryptocurrency markets. Authored by Mr. Diercks and two others from the FRB, the paper concludes that 'Kalshi's data is valuable for both researchers and policymakers.' It is important to note that this paper does not represent the official view of the FRB Board but is published as the authors' research. Kalshi operates under the supervision of the U.S. Commodity Futures Trading Commission (CFTC) and is classified as a 'designated contract market,' the same category as the Chicago Mercantile Exchange (CME). It is accessible through platforms like Robinhood among others.